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TMI BlogSEZ - Exemption u/s 10A / 10B upto 10 yearsX X X X Extracts X X X X X X X X Extracts X X X X ..... Finance act no 2 of 2009 has extended the exemption u/s 10 A / 10B upto 31.3.2011. What does it mean for the units who have started there manufacturing in SEZ earlier and have already claimed exemti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on for 10 consecutive years upto A.Y. 2010-11. Can the unit claim exemption for further year? Is this a loophole in the law ? - Reply By GOPALJI AGRAWAL - The Reply = The time has been extended only ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for those units which could not take the benefit for the whole period of entitlement. - Reply By Surender Gupta - The Reply = Overall limit of 10 consecutive year has not been increased. - Reply By M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eenu Garg - The Reply = Offcourse no, its not a loophole in the law. It just means that for the undertakings which are still claiming the deduction under section 101A(.ie. for 10 consecutive AY )are o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly allowed to claim such deduction upto 31.3.2011 and not thereafter, even if some period out of 10 consecutive AY is left. It has nothing to do with the undertakings which ave already claimed deduct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion for 10 consecutive AY upto A.Y. 2010-11. - SEZ - Exemption u/s 10A / 10B upto 10 years - Query Started By: - Sunil K. Jain Dated:- 3-6-2010 Income Tax - Got 3 Replies - Income Tax - Discussion F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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