Section 10AA
This query is : Resolved
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?
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.
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