TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax deduction for profits from exported handmade wooden artistic goods subject to conditions on materials, exports, and employment</h1> A deduction is available for profits from export of eligible articles-hand-made artistic goods using wood as the main raw material-subject to conditions: the undertaking must not use imported raw materials, must not be formed by splitting/reconstruction or transfer of previously used machinery (limited exceptions apply), at least 90% of sales must be export turnover and it must employ 20+ workers in manufacture. Export proceeds must be received in convertible foreign exchange within six months (or extended by the competent authority). Deduction equals the proportion of business profits attributable to export turnover, requires an accountant's certificate with the return, and cannot be claimed if other specified export deductions are taken or for assessment years beginning 1 April 2010 and later.
TaxTMI 
