Interested to Buy Any Domain ? << Click Here >> for more details...
What is Sec 10A under Income Tax.
- 1 Answers
- 7547 Views
- I also Faced
- E-Mail Answers
Answer / pallavi
10A. Special provision in respect of newly established
undertakings in free trade zone, etc.
(1) Subject to the provisions of this section, a deduction
of such profits and gains as are derived by an undertaking
from the export of articles or things or computer software
for a period of ten consecutive assessment years beginning
with the assessment year relevant to the previous year in
which the undertaking begins to manufacture or produce such
articles or things or computer software, as the case may
be, shall be allowed from the total income of the
assessee :
Provided that where in computing the total income of the
undertaking for any assessment year, its profits and gains
had not been included by application of the provisions of
this section as it stood immediately before its
substitution by the Finance Act, 2000, the undertaking
shall be entitled to deduction referred to in this sub-
section only for the unexpired period of the aforesaid ten
consecutive assessment years :
Provided further that where an undertaking initially
located in any free trade zone or export processing zone is
subsequently located in a special economic zone by reason
of conversion of such free trade zone or export processing
zone into a special economic zone, the period of ten
consecutive assessment years referred to in this sub-
section shall be reckoned from the assessment year relevant
to the previous year in which the undertaking began to
manufacture or produce such articles or things or computer
software in such free trade zone or export processing
zone :
Provided also that for the assessment year beginning on the
1st day of April, 2003, the deduction under this sub-
section shall be ninety per cent of the profits and gains
derived by an undertaking from the export of such articles
or things or computer software:
Provided also that no deduction under this section shall be
allowed to any undertaking for the assessment year
beginning on the 1st day of April, 2010, and subsequent
years.
(1A) Notwithstanding anything contained in sub-section (1),
the deduction, in computing the total income of an
undertaking, which begins to manufacture or produce
articles or things or computer software during the previous
year relevant to any assessment year commencing on or after
the 1st day of April, 2003, in any special economic zone,
shall be hundred per cent of profits and gains derived from
the export of such articles or things or computer software
for a period of five consecutive assessment years beginning
with the assessment year relevant to the previous year in
which the undertaking begins to manufacture or produce such
articles or things or computer software, as the case may
be, and thereafter, fifty per cent of such profits and
gains for further two assessment years.
| Is This Answer Correct ? | 8 Yes | 1 No |
What is the rate of TDS for commission?
WHAT IS THE RATE APPLICABLE WHEN INTER STATE PURCHASE FOR SAMPLE SALE? C FORM ISSUE OR NOT IN PURCHASE TRANSACTION?
Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 650.00 ESI Employer Cont. Dr. 475.00 or Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 175.00 which is correct entry above entries ?
If possible Vat Charged on Service Tax ?
what is roc which works roc
define double entry bookkeeping
Which form we use for depositing works contract TDS?
What is the value of the Budget for 2009-10
10% t.d.s needs to be deducted if one gets >20000/PA as Consultancy charges. Is this law applicable to physically chanllenged indiviuals whose disability is gtreater than or egual to 80%. My disability is 80% and I am working with an IT company on contract and gets 40K on a monthly basis starting Nov 10. How much TDS should I be oaying. Could someone please assist me with this query. Thanks in advance:-)
i have purchase 2no. air conditioner & some other f\a for office & pay vat according to bill can i take inpute vat banifits in the quater returns what is the process for taKEN BENFITS OF VAT.
1. What is a bad credit score? 2. What does my credit score mean? 3. Can I check my Vantage credit score range online? 4. Should I have perfect credit score, that is, above 800 credit score? 5. With a 600 credit score, how to improve my credit rating score? 6. How to raise my credit score if I have 500 credit score? 7. How to increase your credit rating score quickly? 8. How can I find out my credit rating score for free? 9. Home Equity Loans ? 10. Calculate Mortgage? 11. Mortgage Payment? 12. Mortgage Payment Problems? 13. Other Mortgage Questions? 14. What is Home Loan Modification? 15. What is the entry for deprecation? 16. What is Merger? What is Acquisition? What are motive behind mergers And acquisitions? 17. What is Demat Account? what is the use of it? 18. What is EPS? 19. What is the difference between Risk, Threat & Hazard? 20. what is minority interest? 21. what is portfolio Saint? 22. What is the Difference between hire purchase and a finance Lease? 23. What is Demat Account? what is the use of it? 24. Up to what time we can show TDS Receivables under Advance Income Tax A/c? 25. WHAT IS PROSPECTUS? 26. WHO ARE THE PROMOTERS? 27. WHAT IS DERIVATIVE? 28. WHAT IS A SHARE? 29. WHAT IS PORTFOLIO MANAGEMENT? 30. What is Accounting? 31. Re: what is the entry for rent paid to company, provision for taxes in your books? BY RENT PAID A/C DR. TO TDS ON RENT A/C CR TO CASH/BANK A/C CR 1. What is dishonor check? 2. New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) ? 3. I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.? 4. Expand---------SDRT? 5. What is difference between profit, revenue? 6. why balance sheet should tally? 7. What is BRS? What is the use of BRS? 8. Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B"? 9. what is purchase consideration? 10. expand P P Division ? 11. Stale Cheque entry in the books & when it reissued again then Entry in the books.? 12. what is cost accounting ? 13. what is mean by credit purchase? 14. WHAT IS THE MEANING OF BLUE CHIP COMPANY? 15. what is buy back of share & why a company go for it? 16. What is the types of accounts & it's rules ? 17. what is reconciliation ? 18. EXPAND______________RTA? 19. what is depreciation? 20. EXPAND______________IDBI? 21. what is difference between nominal and real account ? 22. what is the concept of finance accounting?
Is it necessary to file NIL TDS return?
Audit 
