Exemption for work done for semi government project

This query is : Resolved

Ayub Hussain (Querist)
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03 July 2013 Dear experts is there any exemptions allowed on income from contracts of semi government projects like CMC of kolar for laying of roads or construction of bridges ?.
When we file the return , the total income should be taken as non taxable or how, can anybody advise me please.
regards.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 July 2013 you cannot do that, calculate the actual profit of the company and check the eligibilit of the company under Chapter VI deductions like 80IA,80IB