SEZ deduction under section 10AA limited to the assessee's computed total income, preventing deduction beyond taxable income. The amendment inserts an Explanation specifying that the SEZ-unit deduction is to be allowed from the assessee's total income computed under the ... Summary
SEZ deduction under section 10AA limited to the assessee's computed total income, preventing deduction beyond taxable income.
The amendment inserts an Explanation specifying that the SEZ-unit deduction is to be allowed from the assessee's total income computed under the Income-tax Act before giving effect to that special deduction, and that the deduction shall not exceed such total income; the change is made to address a judicial ruling on the stage of deduction.
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TaxTMI 
TaxTMI 
