Export Incentives Classified as Business Income u/s 28 Impact Deductions u/s 80IB of Income Tax Act.

Deduction u/s. 80IB - the export incentives such as Duty Draw Back and MEIS is an income assessable under the head ‘profits or gains from business or profession’ as per clause (iiib) and (iiid) to section 28 of the Act. - AT .....

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