TaxTMI 
TaxTMI 
TREATMENT OF INTEREST RECEIVED BY INDUSTRIAL UNIT OF SEZ U/S10AA
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....REATMENT OF INTEREST RECEIVED BY INDUSTRIAL UNIT OF SEZ U/S10AA<br> Query (Issue) Started By: - KISHOR DATTANI Dated:- 28-10-2010 Last Reply Date:- 2-11-2010 Income Tax<br>Got 2 Replies<br>Income Tax<....
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....br>EXEMPT OR Taxable interst received from FDR by unit covered U/S 10AA of IT Act. Which is kept as margin againt loan taken from bank and utilised for industrial undertaking. Reply By Rama Krishana:....
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.... The Reply: What is your query? Reply By KISHOR DATTANI: The Reply: My querry is assessee is manufacturer and exporter of jewellery and unit is situated in SEZ covered U/S 10AA. For obtaining various....
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.... facilities from bank such as advance Gold loan against export order assessee have to make FDR as margin money against LC.Said FDR is directly related with gold procurment from Bank itself and have di....
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....rect nexus with business carried on. ITO wants to treat such interest received against FDR as Income from Other source and not Profit from industrial unit. Kindly through some light and legal decisi....
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....ons directly related. CA KISHOR DATTANI<br> Discussion Forum - Knowledge Sharing ....