Exemption u/s 80IAB

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..... Exemption u/s 80IAB
Query (Issue) Started By: - Latha Rajan Dated:- 25-6-2009 Last Reply Date:- 28-6-2009 Income Tax
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Income Tax
For SEZ Developer a) Interest Income ie., Accru .....

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..... ed interest received from BG created b)Divedend income on Short term Investmentin Mutual Funds, c) Loss/gain on derivative related to material purchases, d) Miselleneous income like scrap sale would f .....

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..... orm a part of Income from Authorised Operation and be exempt u/s. 80IAB. Latha Reply By Mukesh Kumar: The Reply: If the income forming part of total income qualified the term "profits and gains deri .....

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..... ved from such business" you can claim exemption u/s 80IAB as a developers of SEZ. I doubt that dividend income, derivative transactions would qualify the condition of business profit from SEZ operatio .....

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..... n. However, i agree with the element of sale of wastage or scrap generated out of SEZ development operation will be eligible for exemption.
Discussion Forum - Knowledge Sharing .....

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