07 July 2009
Hi, U/s 10 A the tax holiday period is ten consecutive years. The deduction is allowable upto AY 2011-12 and not beyond. SO you have to calculate the unexpired tax holiday period based on this. In your case tax holiday is eligible upto AY 2014-15 but the same will be withdrawn from AY 2011-12 as the cap for holiday period is stopped with that. Infact this was amended in the latest budget yesterday and hence you have the benefit upto AY 2011-12
CAclubindia
