TMI BlogIncome Tax Benifit(Exemption)u\s 10(B)X X X X Extracts X X X X X X X X Extracts X X X X ..... An 100% Export Orient Unit exports iron ore products directly to the buyer and also the company exports through third party[MMTC]and the company receives the sale proceeds in indian currencies. Whethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Company can get Income Tax Benifit(Exemption)u\s 10(B). Please clarrify. If not what is the other step / fromalities to avail the income tax benifit. - Reply By Surender Gupta - The Reply = Where ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the sale proceeds are being received in India in Indian Currency, the benefit of section 10(B) can not be availed. Kindly read the mandatory conditions of sub-section (3) which states that, "(3) Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is section applies to the undertaking, if the sale proceeds of articles or things or computer software exported out of India are received in, or brought into, India by the assessee in convertible fore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ign exchange, within a period of six months from the end of the previous year or, within such further period as the competent authority may allow in this behalf." - Income Tax Benifit(Exemption)u\s 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0(B) - Query Started By: - Adoni Raghavendra Dated:- 18-9-2009 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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