Eligibility for exemption U/s.10A - the “profit” will remain the ...
Section 10A Income Tax Exemption: Exclude Telecommunication Charges from Profit & Loss, Reducing Export & Total Turnover Equally.
September 5, 2015
Case Laws Income Tax AT
Eligibility for exemption U/s.10A - the “profit” will remain the same, since “telecommunication charge” is excluded from both “debit” side and “credit” side of the “profit and loss account”, however the “export turnover” and the “total turnover” will stand reduced to the extent of “telecommunication charges” so excluded - AT
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