In case of a unit established by an entrepreneur in SEZ, which begins to manufacture or produce articles or things or provide any services on or after 1 -4-2006, deduction for next 5 years(6lh to 10th year) will be allowed as follows-
A. 50% of profits and gains from export business
B. 75% of profits and gains from export business
C. 100% for first two years and 80% for remaining three years
D. No deduction
Answer:A
In case of a unit established by an entrepreneur in SEZ, which begins to manufacture or produce articles or things or provide any services on or after 1 -4-2006, deduction for next 5 years(6lh to 10th year) will be allowed as follows-
A. 50% of profits and gains from export business B. 75% of profits and gains from export business C. 100% for first two years and 80% for remaining three years D. No deduction