- Sunday, November 22, 2009, 15:15
- Income Tax Case Laws
- 20 views
The principal of accrual of profit does not come in the way of allocation of profit in the two periods; deduction under different sections can be allowed on different profits, if the same are admissible.
Full Article
- Friday, August 28, 2009, 1:23
- FEMA, Government Policy, Income Tax
- 504 views
Announcing the foreign trade policy 2009-14 here on Thursday, Mr Anand Sharma, Union Commerce Minister said, the Government wanted to provide a stable policy environment conducive for foreign trade and accordingly, it has been decided to continue with the DEPB (Duty Entitlement Pass Book Scheme) up to December 2010 and income-tax benefits under Sec 10 (A) for IT industry and [...]
Full Article
- Wednesday, April 1, 2009, 2:32
- Income Tax
- 516 views
EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2008 CIRCULAR NO. 1/ 2009, DATED 27th MAR, 2009 9. Extension of time limit for availing deduction under section 10A and 10B 9.1 100% deduction on exports profits is allowed to an undertaking, if- (i) the undertaking is set up in a free trade zone, Software [...]
Full Article
- Tuesday, March 31, 2009, 13:25
- Income Tax Case Laws
- 49 views
SUMMARY OF THE CASE LAW For the purpose of applying the formula under sub-section (4) of section 10B, the freight, telecom charges or insurance attributable to the delivery of articles or things or computer software outside India or the expenses, if any, incurred in foreign exchange in providing the technical services outside India are to [...]
Full Article
- Saturday, March 14, 2009, 1:27
- Income Tax
- 210 views
Instruction No. 2/2009, dated 9-3-2009 Section 10B of the Income tax Act provides for exemption of income in case of hundred per cent export oriented undertakings subject to prescribed conditions. Explanation 2 (iv) below to the said section defines a “hundred percent export oriented undertaking” as an undertaking so approved by the Board appointed in [...]
Full Article