https://www.taxtmi.com/circulars?id=52310 Deduction under Section 10A/10B allows export-derived profits of eligible undertakings to be deducted from the assessee's total income for ten consecutive assessment years beginning with production, after computation of income under the Chapter IV heads and aggregation under Chapter VI. Aggregation and set-off rules (sections 70 and 71) apply before the deduction; losses of eligible units for assessment year 2001-02 and later qualify for carry forward and set off under the Act. Amendments effective from 1-4-2001 permit carry forward of business losses and unabsorbed depreciation for SEZ and 100% EOU units. en-us Tue, 16 Jul 2013 00:00:00 +0530 Tue, 23 Jul 2013 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52310 Deduction under Section 10A/10B allows export-derived profits of eligible undertakings to be deducted from the assessee's total income for ten consecutive assessment years beginning with production, after computation of income under the Chapter IV heads and aggregation under Chapter VI. Aggregation and set-off rules (sections 70 and 71) apply before the deduction; losses of eligible units for assessment year 2001-02 and later qualify for carry forward and set off under the Act. Amendments effective from 1-4-2001 permit carry forward of business losses and unabsorbed depreciation for SEZ and 100% EOU units. Circulars Income Tax Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52310