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of <h1>Clarification on Tax Deductions for 100% EOUs u/s 10B: Eligibility and Conditions Explained.</h1> The circular clarifies the eligibility for tax deductions under section 10B of the Income-tax Act for 100% Export Oriented Undertakings (EOUs). It states that a Domestic Tariff Area (DTA) unit that becomes a 100% EOU is eligible for deductions on profits from exports starting from the year of approval, for the remaining period of ten consecutive assessment years. The deduction is not available after the assessment year 2009-10. Various scenarios illustrate eligibility, emphasizing that the deduction applies only if the unit meets specific conditions and timelines, such as not involving the transfer of old machinery.
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