Income Tax Benifit(Exemption)u\s 10(B)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ncome Tax Benifit(Exemption)u\s 10(B)<br> Query (Issue) Started By: - Adoni Raghavendra Dated:- 18-9-2009 Last Reply Date:- 19-9-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>An 100% Export Orient U....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nit exports iron ore products directly to the buyer and also the company exports through third party[MMTC]and the company receives the sale proceeds in indian currencies. Whether Company can get Incom....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Tax Benifit(Exemption)u\s 10(B). Please clarrify. If not what is the other step / fromalities to avail the income tax benifit. Reply By Surender Gupta: The Reply: Where the sale proceeds are being....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... received in India in Indian Currency, the benefit of section 10(B) can not be availed. Kindly read the mandatory conditions of sub-section (3) which states that, "(3) This section applies to the unde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rtaking, if the sale proceeds of articles or things or computer software exported out of India are received in, or brought into, India by the assessee in convertible foreign exchange, within a period ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of six months from the end of the previous year or, within such further period as the competent authority may allow in this behalf."<br> Discussion Forum - Knowledge Sharing ....