Computation of profits for SEZ development defines gross income, allowable business expenditure and treatment of negative profits.

Computation of profits for the business of developing a special economic zone treats gross income as receipts from the business, proceeds from disposal of qualifying business capital assets, and specified statutory amounts; allowable expenditure includes operating expenditure, permitted finance charges, paid licence or rental charges, land or land rights costs, capital expenditure (excluding land, goodwill or financial instruments), pre commencement expenditure, and carry forward negative profit; profits computed as negative are treated as nil.

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