https://www.taxtmi.com/acts?id=13206 Rule 2 defines quantum of activity as the highest of: aggregate value of goods produced or processed; aggregate value of goods sold and services rendered; or the expenditure (revenue or capital) incurred by a branch in a financial year. It further defines relevant financial year as the company's financial year for which exemption is assessed, and specifies that "section" means a section of the Companies Act, 1956. en-us Wed, 25 May 2011 10:38:29 +0530 Wed, 25 May 2011 10:38:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13206 Rule 2 defines quantum of activity as the highest of: aggregate value of goods produced or processed; aggregate value of goods sold and services rendered; or the expenditure (revenue or capital) incurred by a branch in a financial year. It further defines relevant financial year as the company's financial year for which exemption is assessed, and specifies that "section" means a section of the Companies Act, 1956. Act-Rules Companies Law Wed, 25 May 2011 10:38:29 +0530 https://www.taxtmi.com/acts?id=13206