Sec 10B Benefits possible for Medical Transcription Company?, Income Tax

[Chet Parker]

Dear Sir or Madam:

We are a medical transcription company with 100% revenue coming from USA.  However, unfortunately (lack of knowledge on our CA's part and lack of following procedure), we never registered for 100% EOU nor for STPI.  We have been in business since 2004.  Can we still get the benefit of tax holiday under sec 10B?  Are there any cases where this has been possible?

Thanks in advance for the advise.

Chet.

Posts / Replies

[R.S. Mangal]

Now there is only one route i.e if you set up a new unit in SEZ for tax exemption. Pl provide full detail of your unit/place of business to provide you the complete guidelines.