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TMI BlogSEZ - Exemption u/s 10A / 10B upto 10 yearsX X X X Extracts X X X X X X X X Extracts X X X X ..... SEZ - Exemption u/s 10A / 10B upto 10 years X X X X Extracts X X X X X X X X Extracts X X X X ..... 2009 has extended the exemption u/s 10 A/10B upto 31.3.2011. What does it mean for the units who have started there manufacturing in SEZ earlier and have already claimed exemtion for 10 consecutive ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ars upto A.Y. 2010-11. Can the unit claim exemption for further year? Is this a loophole in the law ? Reply By GOPALJI AGRAWAL: The Reply: The time has been extended only for those units which could ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not take the benefit for the whole period of entitlement. Reply By Surender Gupta: The Reply: Overall limit of 10 consecutive year has not been increased. Reply By Meenu Garg: The Reply: Offcourse no, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its not a loophole in the law. It just means that for the undertakings which are still claiming the deduction under section 101A(.ie. for 10 consecutive AY )are only allowed to claim such deduction u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pto 31.3.2011 and not thereafter, even if some period out of 10 consecutive AY is left. It has nothing to do with the undertakings which ave already claimed deduction for 10 consecutive AY upto A.Y. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 010-11. X X X X Extracts X X X X X X X X Extracts X X X X
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