COMPUTATION OF PROFITS OF THE BUSINESS OF DEVELOPING OF A SPECIAL ECONOMIC ZONE MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SEZ

COMPUTATION OF PROFITS OF THE BUSINESS OF DEVELOPING OF A SPECIAL ECONOMIC ZONE MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SEZ https://www.taxtmi.com/acts?id=11988 Profits of SEZ developers and units are computed as gross income from the specified business less business expenditure wholly and exclusively incurred, where gross income includes business receipts and proceeds from disposal of business capital assets (excluding land, goodwill and financial instruments), and business expenditure includes operating costs, finance charges, licence or rental fees actually paid, capital expenditure and pre commencement expenses; depreciation and other allowances are to be given full effect and written down value treated as if depreciation and terminal allowances were claimed. en-us Fri, 17 Sep 2010 12:42:23 +0530 Fri, 17 Sep 2010 14:58:45 +0530 TaxTMI RSS Generator COMPUTATION OF PROFITS OF THE BUSINESS OF DEVELOPING OF A SPECIAL ECONOMIC ZONE MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SEZ https://www.taxtmi.com/acts?id=11988 Profits of SEZ developers and units are computed as gross income from the specified business less business expenditure wholly and exclusively incurred, where gross income includes business receipts and proceeds from disposal of business capital assets (excluding land, goodwill and financial instruments), and business expenditure includes operating costs, finance charges, licence or rental fees actually paid, capital expenditure and pre commencement expenses; depreciation and other allowances are to be given full effect and written down value treated as if depreciation and terminal allowances were claimed. Act-Rules Bills Fri, 17 Sep 2010 12:42:23 +0530 https://www.taxtmi.com/acts?id=11988