SSI units - benefit for exports profits

[madhavvan n]

a ssi unit is engaged in exports of scents etc from Financial year 2009-10 under which section can it avail exemption of export profits under the income tax act. has it to register in an SEZ and be located in a SEZ and if at all it can get benefit then it will be available for how many years. or it can go for EOU ( however in case of EOU the benefit is not available from AY 2010-11) pls give your valuable views

AI Summary

SSI Unit Queries Tax Exemption for Export Profits; SEZ Registration and Section 80IC or 10AA Considered An SSI unit involved in exporting scents from the financial year 2009-10 seeks guidance on tax exemption for export profits under the Income Tax Act. The query explores whether registration in an SEZ is necessary and the duration of such benefits. A response suggests considering tax exemptions under Section 80IC or 10AA, noting the uncertainty of Sections 10A and 10B due to their temporary extensions in each budget without guaranteed continuity. The possibility of opting for an EOU is mentioned, although benefits for EOUs are not available from the assessment year 2010-11.