Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax deduction for exports: limited-period exemption for export profits in specified zones, subject to eligibility and compliance. A limited-period tax deduction is allowed for profits from export of goods or computer software by newly established undertakings in specified ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Tax deduction for exports: limited-period exemption for export profits in specified zones, subject to eligibility and compliance.
A limited-period tax deduction is allowed for profits from export of goods or computer software by newly established undertakings in specified export-promoting zones, subject to location and formation eligibility, repatriation of export proceeds in convertible foreign exchange, and procedural compliance. For special economic zone units a staged deduction applies with an option to credit part of profit to a Special Economic Zone Re-investment Allowance Reserve Account for prescribed reinvestment purposes; misuse or non utilisation of the reserve results in the amounts being deemed profits. Export-attributable profit is determined by the ratio of export turnover to total turnover, and transitional and anti-avoidance adjustments affect depreciation, loss carryforwards and other incentives.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
