Benefit under income tax, Income Tax

[Rahul Kumar]

We have a unit in excise free zone. Can we claim benefit under income tax for this unit with respect to computation of income of the company as a whole?

Posts / Replies

[Surender Gupta]

The benefit of exemption from income tax and exemption from excise duty are two independent issues and should not be co-related. You have to examine the exemption in the relevant context only. Income from the unit as computed in accordance witht the relevant provision may be claimed as deduction / exemption.

[MUKESH JHA]

i think u can take the benifit u/s 80-I-C(2)(A)(II)