Deduction under sec. 80 hhc
This query is : Resolved
25 May 2013
It has come to my knowledge that under sec. 80 HHC of the the Income Tax Act, there is a deduction available. My company is making exports to a unit situated at SEZ. We are making the invoices in rupee and getting payment also in rupee currency. Can we get any deduction under 80 HHC? If yes, how much and what will be the requirement?
25 May 2013
You can claim Export income under section 10 instead of 80HHC.
Message likes :
1 times
25 May 2013
Megha Ji
No deduction u/s 80HHC can be availed from assessment year 2005-06 and onwards. For details please refer subsection 4C.
No deduction u/s 80HHC can be availed from assessment year 2005-06 and onwards. For details please refer subsection 4C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
