TaxTMI 
TaxTMI 
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
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.... MANUFACTURE OR PRODUCTION OF ARTICLE OR THINGS OR PROVIDING OF ANY SERVICE BY A UNIT ESTABLISHED IN A SPECIAL ECONOMIC ZONE 1. The provisions of this Schedule shall apply to the business specified herein below— (a) the business of developing a special economic zone; and (b) a unit established in a special economic zone engaged in the business of manufacture or production of article or thin....
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....ancial year; and (c) the amounts referred to in sub-section (2) of section 33. 4. The amount of business expenditure referred to in paragraph 2 shall be the aggregate of the amount of— (a) operating expenditure referred to in section 35, incurred by the assessee; (b) finance charges referred to in section 36, incurred by the assessee; (c) expenditure on any licence charges, rental fees ....
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....espect of depreciation under section 38, initial depreciation under section 39 and terminal allowance under section 40. 7. The amount of common costs (including depreciation) attributable to the specified business shall be determined in such manner as may be prescribed. 8. The provisions of this Schedule shall apply to a specified business, which fulfils the following conditions, namely:— (a....
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....provisions of this Code, or the Income-tax Act, 1961 as it stood before the commencement of this Code, in computing the total income of any person for any period prior to the date of the installation of the machinery or plant by the assessee; (b) the condition specified in clause (b) of paragraph 8 shall be deemed to have been complied with if the total value of the machinery or plant or any par....