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Poba

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2013 sec 20 of POBA says that generally POBA is not applicable to public sector enterprises but if
public sector enterprises sells any goods manufactured by it or renders any services in competition with establishment in private sector
AND
the gross income from such sale is atleast 20% of total income of public sector enterprise for that year.
then the act shall apply..
WHAT DO WE MEAN BY GROSS INCOME?
THANK YOU
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@VaibhavJ

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@VaibhavJ (Expert)
29 December 2013 Hi

Pl refer: https://www.caclubindia.com/forum/computation-of-the-allocable-surplus-under-under-pob-act-275426.asp

Thanks

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