exemption

Suman Khurana (ACS) (209 Points)

23 June 2010  

Hi

 

A company's unit is located in some tax exemption zone and is entitled to tax benefits say for 7 years.

 

Now what will happen if the Company, after 4 years, sells its that unit to thrid party. Who will be entitled to tax benefits after the sale for the remaining 3 years in relation to following:

1. Income Tax

2. Sales Tax

3. Excise duty

 

Reply its urgent