Taxation · Income Tax
T Ltd. established a unit in an SEZ during FY 2014-15 (AY 2015-16). For AY 2023-24 (which is its 9th year of operation), the profit of the SEZ unit is ₹ 18,00,000, export sales are ₹ 70,00,000, and local sales are ₹ 10,00,000. Assuming 50% of export profits are eligible for deduction under Section 10AA in the second 5-year block, what is the allowable deduction under Section 10AA?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 3,93,750
- 2₹ 18,00,000
- 3₹ 15,75,000
- 4₹ 7,87,500✓
Correct answer
₹ 7,87,500
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