Section 10AA
This query is : Resolved
CA Mandar Joshi
(Querist)
09 June 2011
Can anyone please provide Case Laws on Section 10AA
one of our client company has, in earlier years, taken deduction of 10AA in a very weird manner. they separated export sale from total sales and claimed deduction @ 100% of it. the comnapny is pen manufacturing company.
Is this allowed?
Can you provide case laws on the same?
one of our client company has, in earlier years, taken deduction of 10AA in a very weird manner. they separated export sale from total sales and claimed deduction @ 100% of it. the comnapny is pen manufacturing company.
Is this allowed?
Can you provide case laws on the same?
CA PARAS BAFNA
(Expert)
09 June 2011
There may be several case laws pertaining to Section 10AA. Please specify the matter more elaborately.
conomic Zone.
In the past whatever was done, the same can be recomputed by the AO. Now onwards you can claim deduction in correct manner which will last till 15 years from the date of commencement of production.
Upto First 5 Years 100% deduction is available in respect of the export profits of the company.
conomic Zone.
In the past whatever was done, the same can be recomputed by the AO. Now onwards you can claim deduction in correct manner which will last till 15 years from the date of commencement of production.
Upto First 5 Years 100% deduction is available in respect of the export profits of the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
