Benefit under income tax

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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?

AI Summary

Can a Company in an Excise-Free Zone Claim Income Tax Benefits for Entire Income? Section 80-I-C(2)(A)(II) Insights. A query was raised regarding whether a company with a unit in an excise-free zone can claim income tax benefits for the entire company's income computation. One response clarified that income tax and excise duty exemptions are separate issues and should be considered independently. It suggested examining the relevant provisions to claim deductions or exemptions. Another response indicated that benefits might be available under section 80-I-C(2)(A)(II) of the Income Tax Act.