Sec. 10A/ Sec.10AA : CBDT Revises Manpower Transfer Limit to 50%

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Section 10AA of the Income-tax Act provides for deduction in respect of the profits derived by a unit set up in SEZ from export of computer software or from providing any ITES services. The said deduction available to a new SEZ unit following  conditions among others are satisfied .

i) it is not formed by the splitting up, or the reconstruction of a business already in existence;

ii) it is not formed by the transfer to a new business, of machinery or plant previously used for any purpose.

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