05 May 2009
IF AN INDIVIDUAL IS EXPORTING 100% OF ITS PURCHASES TO OTHER COUNTRY AND IS DEALING IN GENERAL COMMODITY, THEN IS ANY TAX BENEFIT AVIALABLE TO HIM UNDER INCOME TAX ACT. IF YES THEN PLEASE TELL ME ITS URGENT THE INDIVIDUAL IS A TRADER I.E. HE IS BUYING TO EXPORT .
06 May 2009
it is not clear from querry that from where he is exporting , I mean if he is exporting from SEZ, EPZ or such place then he is eligible for getting 100% tax benefit up to 10 years from commencement of business other wise there is no exemption in Income Tax. However he is exempted to pay any Sales Tax(VAT),Excise duty.
06 May 2009
it is not clear from querry that from where he is exporting , I mean if he is exporting from SEZ, EPZ or such place then he is eligible for getting 100% tax benefit up to 10 years from commencement of business other wise there is no exemption in Income Tax. However he is exempted to pay any Sales Tax(VAT),Excise duty.
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