Sec 10B Benefits possible for Medical Transcription Company?

[Guest]

Dear Sir or Madam:

We are a medical transcription company with 100% revenue coming from USA.  However, unfortunately (lack of knowledge on our CA's part and lack of following procedure), we never registered for 100% EOU nor for STPI.  We have been in business since 2004.  Can we still get the benefit of tax holiday under sec 10B?  Are there any cases where this has been possible?

Thanks in advance for the advise.

Chet.

[RadheyShyam Mangal]

Now there is only one route i.e if you set up a new unit in SEZ for tax exemption. Pl provide full detail of your unit/place of business to provide you the complete guidelines.

AI Summary

Tax holiday eligibility for export services questioned; forming an SEZ unit advised as the route to exemption. Whether a medical transcription company with 100% export revenue but without prior EOU or STPI registration can claim a tax holiday under section 10B was queried; the advised operative option is to form a new unit in a Special Economic Zone (SEZ) as the route to obtain export linked tax exemption, subject to provision of full business details for guidance.