If the assessee has taken the STPI registration in the middle of the year, how the books are to be maintained and on what amount can assessee claim exemption under section10B?
Aastha Bhutda (Looking actively for Job) (37 Points)
06 October 2011If the assessee has taken the STPI registration in the middle of the year, how the books are to be maintained and on what amount can assessee claim exemption under section10B?
* Krishna *
(CA Student)
(6149 Points)
Replied 07 October 2011
Deduction u/s 10B is available only this AY 2011-12. From 2012-13 AY onwards no deduction under this section is available to any undertaking.
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