SEZ - Exemption u/s 10A / 10B upto 10 years

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....EZ - Exemption u/s 10A / 10B upto 10 years<br> Query (Issue) Started By: - Sunil K. Jain Dated:- 3-6-2010 Last Reply Date:- 10-6-2010 Income Tax<br>Got 3 Replies<br>Income Tax<br>Finance act no 2 of 2....

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....009 has extended the exemption u/s 10 A/10B upto 31.3.2011. What does it mean for the units who have started there manufacturing in SEZ earlier and have already claimed exemtion for 10 consecutive yea....

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....rs upto A.Y. 2010-11. Can the unit claim exemption for further year? Is this a loophole in the law ? Reply By GOPALJI AGRAWAL: The Reply: The time has been extended only for those units which could n....

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....ot take the benefit for the whole period of entitlement. Reply By Surender Gupta: The Reply: Overall limit of 10 consecutive year has not been increased. Reply By Meenu Garg: The Reply: Offcourse no, ....

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....its not a loophole in the law. It just means that for the undertakings which are still claiming the deduction under section 101A(.ie. for 10 consecutive AY )are only allowed to claim such deduction up....

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....to 31.3.2011 and not thereafter, even if some period out of 10 consecutive AY is left. It has nothing to do with the undertakings which ave already claimed deduction for 10 consecutive AY upto A.Y. 20....

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....10-11.<br> Discussion Forum - Knowledge Sharing ....