Roshini Ltd. has two units, one unit at Special Economic Zone (SEZ) and other unit at Domestic Tariff Area (DTA). The unit in SEZ was set up and…
CA Intermediate · Taxation · MTP · May 2024
Roshini Ltd. has two units, one unit at Special Economic Zone (SEZ) and other unit at Domestic Tariff Area (DTA). The unit in SEZ was set up and started manufacturing from 12.5.2014 and unit in DTA from 15.6.2017. Total turnover of Roshini Ltd. and Unit in DTA is 12,50,00,000 and 4,50,00,000, respectively. Export sales of units in SEZ and DTA is 3,50,00,000 and - 2,25,00,000, respectively and net profit of Unit in SEZ and DTA is 95,00,000 and - 80,00,000, respectively. Out of the export sales of 3,50,00,000,2,00,00,000 have been received in convertible foreign exchange by 30.9.2024. Roshini Ltd. would be eligible for deduction under section 10AA for -
Suggested Answer and Working Notes:
Correct Answer: Option (C)
₹ 11,87,500
Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws
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