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section 10 A

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..... section 10 A
Query (Issue) Started By: - sathyanarayanan kasinathan Dated:- 5-10-2010 Last Reply Date:- 13-10-2010 Income Tax
Got 1 Reply
Income Tax
Facts of the Case: The Company propose .....

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..... s to register itself with the STPI in-order to claim tax benefits available under the Income Tax Act. Questions: Can invoice for the period "June 2009 to December 2009" raised before registration w .....

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..... ith STPI and still tax exemption claimed for invoices after registration. If Invoices are dated after registration , for services rendered prior to registration, Is that allowable for tax exemption, .....

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..... Treatment of carried forward losses upto registration date. Any Procedure/conditions to be complied with for converting this existing unit into an STPI. Any suggestion you may deem fit. Reply By Sur .....

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..... ender Gupta: The Reply: In my the exemption u/s 10A for SEZ units are available for assessment year basis. Therefore, the invoices raised before getting registration but during the relevant previous .....

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..... year falling under sez exemption, you are very well eligible for the full exemption as per the scheme of section 10A. Regarding carried forward losses upto registration date, I am unable to understa .....

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..... nd the issue since, the exemption is available since commencement of the manufacturing or production, the brought forward losses may be from other activity or business which are not same. Therefore, m .....

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..... ore details are required to see this issue.
Discussion Forum - Knowledge Sharing .....

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