Clarification for claiming Deduction u/s 10A/10AA on Transfer of Technical Manpower to SEZ

As per circular 14/2014 , it has now been decided that the transfer or re-deployment of technical manpower from existing unit(s) to a new unit located in SEZ in the first year of commencement of business shall not be construed as splitting up or reconstruction of an existing business, provided the number of technical manpower so transferred as at the end of the financial year does not exceed 50 percent of the total technical manpower ( Earlier it was 20%) actually engaged in development of software or IT enabled products in the new unit.

To view full notification, please follow the link


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s