Export Entitlements and Duty Drawback Count as Business Income: Deductions Allowed u/s 80IB(11A) of Income Tax Act.

Export Entitlements and Duty Drawback Count as Business Income: Deductions Allowed u/s 80IB(11A) of Income Tax Act. https://www.taxtmi.com/highlights?id=63948 Deduction u/s 80IB(11A) - the export entitlements (MEIS) and the duty drawback of promotion scheme is an income asssessable under the head “profits or gains from business or profession” as per clause (iiib) and (iiid) to section 28 of the IT Act, 1961 - Deduction allowed - AT en-us Wed, 08 Jun 2022 09:49:16 +0530 Wed, 08 Jun 2022 09:49:16 +0530 TaxTMI RSS Generator Export Entitlements and Duty Drawback Count as Business Income: Deductions Allowed u/s 80IB(11A) of Income Tax Act. https://www.taxtmi.com/highlights?id=63948 Deduction u/s 80IB(11A) - the export entitlements (MEIS) and the duty drawback of promotion scheme is an income asssessable under the head “profits or gains from business or profession” as per clause (iiib) and (iiid) to section 28 of the IT Act, 1961 - Deduction allowed - AT Highlights Income Tax Wed, 08 Jun 2022 09:49:16 +0530 https://www.taxtmi.com/highlights?id=63948