URGENT : Impact of De-bonding of warehouse on taxation?
This query is : Resolved
CMA. Subhash Kumar Jha
(Querist)
12 November 2008
We are an STPI organisation. 100 % involved in software export activity. Now, we want to diversify into some domestic activity also. so part of the office needs to be de-bonded. Till now we are covered u/s 10B of IT Act, 1961. What would be the overall impact on us so far as taxation is concerned? & ALSO, whether being an STPI organisation whether we are allowed to operate other than from a Custom Bonded Warehouse?
Reply urgent.
Subhash
Reply urgent.
Subhash
Deepak Agrawal
(Expert)
12 November 2008
Yes are u are allowed to operate.
Maintain seperate books for STPI & Non-STPI for each transactions.
Maintain seperate books for STPI & Non-STPI for each transactions.
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