exemption under section 10aa

Iii) The undertaking must be in a Free Trade Zone, or test your c skills by yashwant kanetkar pdf Economic Trade Zone or Software Technology Park or SEZ.
Iv) The undertaking must be a new undertaking and must not be formed by splitting or re-construction or transfer of old machinery, plant etc.
VinodChhabra 2008 20 SOT 328 (delhi) Assessment year For relevant assessment year, assessee, a hundred per cent export oriented undertaking (EOU claimed exemption under section 10B Assessing Officer denied exemption under section 10B for bakuman episode 8 sub indo certain reasons He, however, allowed deduction under section 80HHC to assessee.Specific conditions of sections under which claim is made has to be followed.X) The export turnover does not include freight, telecommunication charges or insurance attributable to the goods outside India or any expenses incurred in foreign exchange in rendering of services outside India.No loss referred to in sub-section (1) of Section 72 or subsection (1) or sub-section (3) of Section 74, in so far as such loss relates to the business of the undertaking, shall be carried forward or set off where such loss relates to any.The Assessing Officer should look into the following important factual areas: Section 10A: i) The year in which the manufacture or production begins must be noted as this is very crucial for the allowance of deduction.Death-cum-retirement gratuity received by Government servants Section 10(10 i).Computer software means (a) any computer programme recorded on any disc, tape, perforated media or other information storage device; or (b) any customized electronic data or any product or service of similar nature, as may be notified by the Board, which is transmitted or exported.Cadila Exports (P.) Ltd.The Proviso is one of the several consequences (such as interest under Section 234A) that befall an assessee if he fails to file a ROI on the due date.What is manufacture Deputy Commissioner of Income-tax.
V) There must be an audit report as prescribed along with the return of income.The fact of confronting the inquiry report to the assessee must also be brought on record and mentioned in the assessment order.More, pPF Calculator - Calculate PPF Interest.The profits and gains derived from on site development of computer software (including services for development of software) outside India shall be deemed to be the profits and gains derived from the export of computer software outside India.Iv) The sale proceeds must be obtained in foreign exchange from export outside India within 6 months from the end of previous year.Subject to some conditions mentioned in the Act the Deduction is available only for unexpired period if claim made under Section 10A xiv.