ABC Ltd. is 100% Export oriented unit Registered under Software Technology Park of India (STPI). But not situated in SEZ Area, Company having EEFC USD Account for receive foreign Exchange sale.
Company wants to take one Sales Order of Rs. 10 Lac from an Indian Company who is 100% Subsidiary of USA Company. Client said that they will pay Invoice Amount from his EEFC Account to ABC Limited EEFC Account in USD.
In This Case Can ABC Limited treat this Sales as Export Sales and take 10A Benefit under Income Tax Act.
Thanks
Kailash Dangade
CAclubindia
