Hi
in case of amalgamation or demerger, the deduction u/s 10A shall be made available to amalgamated or resulting company.
please tell, if a company sells its unit located in trade free zone to another company otherwise i.e. not in pursuance of scheme of amalgamation or demerger then whether buyer company will be entitled for deduction u/s 10A?
Regards
Dear Sir,
As the unit is already located in FTZ, it must be availing the benefit of Sec 10A. So even after such purchase, the buyer company is entitled to claim deduction of proportionate profits on turnover.
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