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Issue ID : 658
- 0 -

Benefit under income tax

Date 08 Feb 2008
Replies2 Answers
Views 1175 Views
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We have a unit in excise free zone. Can we claim benefit under income tax for this unit with respect to computation of income of the company as a whole?

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Replied on Feb 14, 2008
2. The benefit of exemption from income tax and exemption from excise duty are two independent issues and should not be co-related. You have to examine the exemption in the relevant context only. Income from the unit as computed in accordance witht the relevant provision may be claimed as deduction / exemption.
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Replied on Feb 19, 2008
1. i think u can take the benifit u/s 80-I-C(2)(A)(II)

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