Sec 80ic
This query is : Resolved
16 April 2012
my client is running a manufacturing unit in roorkee , profit on which claim exemption in u/s 80IC . but due to transportation problem he wants to open a branch in delhi and sale form delhi.
i want to know that profit on delhi branch is consider for exemption u/s 80ic because all material sell by delhi branch was manufactured in Roorkee.
at what price should be transfer to delhi branch
i want to know that profit on delhi branch is consider for exemption u/s 80ic because all material sell by delhi branch was manufactured in Roorkee.
at what price should be transfer to delhi branch
16 April 2012
Dear Mukul,
Dedcution u/s 80-IC will not allowed for the sale taken place from delhi.
It is essential for claiming the deductlion to sale the goods from Roorkee only.
hence, it is better to raise invoice from roorkee only.
Dedcution u/s 80-IC will not allowed for the sale taken place from delhi.
It is essential for claiming the deductlion to sale the goods from Roorkee only.
hence, it is better to raise invoice from roorkee only.
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