Special provisions in respect of newly established undertakings in free trade zone, etc. - (Old) Section 10A

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....pto 31.03.2026 ] The provisions of section 10A are not applicable now-a-days. No deduction shall be allowed for the AY 12-13 or thereafter. As per the provisions of this section, deduction of profits and gains as derived by an undertaking from the export of certain articles or things or computer software for a period of 10 consecutive AYs beginning from the AY relevant to the PY in whic....

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.... or after AY 2003-04: The deduction is 100% for first 5 years and 50% for next 2 years and next 3 years amount not exceeding 50% of the profits as is debited to the profit and loss account subject to creation of "Special Economic Zone Reinvestment Allowance Reserve Account" and fulfillment of conditions relating thereto:- • the amount credited should be utilised for the purpose o....

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.... an undertaking which:- • (i) not be formed by splitting up or reconstruction of unit already in existence • (ii) Should not be formed by transferring machinery or plant previously used. • (iii) Sale proceeds should be brought in convertible forex within 6 months from the end of P.Y. • (iv) Report in Form No.56F, along with the return of income ....

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.... depreciation for each of the relevant assessment year. • The provisions of this section does not apply to any undertaking, being a Unit referred to in clause (zc) of section 2 of the Special Economic Zones Act, 2005, which has begun or begins to manufacture or produce articles or things or computer software during the previous year relevant to the assessment year commencing on or aft....