Does the condition specified in FEMA for realisation of export proceedings with in 180 days from transaction date prevails over I.T Act Section-10A i.e. 180 days from the end of the previous year?
Section-10A which says that the competent authority RBI can extent the above mentioned period of 180 days.So is it as per FEMA or Income Tax Act?
I want to know abount Income tax Act 10(A)
Sec. 10 A Exemption should be calculated on the Current Year profit before setting off of carried forward of losses or it is on the profit after setting off of carried forward of losses. I need any case law with reference to this aspect
my query is,
Deduction u/s 10A ,
Profit means income from business as per income tax act i.e, adjustment of Depreciation and other disallowed expenses if any,
and secondly whether Brought Forward Business Loss and Unabsorbed Depreciation ( as per Income tax) will be adjusted with this profit or not.
Pl defined clearly what is the meaning of Profit for deuction u/s 10A.
Kindly advice me.
Please Confirm whether Sec 10A for STPI 100% Units now Ve to pay MAT @ 10 %
| Originally posted by :Guest | ||
| " | my query is, Deduction u/s 10A , Profit means income from business as per income tax act i.e, adjustment of Depreciation and other disallowed expenses if any, and secondly whether Brought Forward Business Loss and Unabsorbed Depreciation ( as per Income tax) will be adjusted with this profit or not. Pl defined clearly what is the meaning of Profit for deuction u/s 10A. Kindly advice me. |
" |
HI i want a clear picture of my query..,
I m residing in india my brother was resided in singapore in last 25 years.unfortunetly he passed away in one aircrash on 2005. He having an 8.1million $ in his account. Now i planned to get that beneficiary as the next of kin. I have all the documents of his death certificate etc. I contacted the bank too. If i get tht beneficiary what are all the formalities i have to submit for income tax. How much tax they will detect for that amount. Please advise as soon as possible.
Thanks and regards
Dhanalakshmi
if a company gets itself registered with STPI on 15h sept 2004 will it get 10 A benifit for full financial year or for profits after 15th september 2004.
10A compliance for Medical Transcripttion Services in mumbai
Jitendra :-The question is whether 20% condition relating to old plant and machinery is to be satisfied at the time of business commenement or every year for availing exemption under this section.
Gujrat and kerwla high court have ruled that the criterion of 20 % should be checked every year.Earlier there was another high court s contrary ruling, but the later one has been considered.
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