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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

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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