Question

Ravi Limited established an enterprise in the Special Economic Zone on 1 April 2011, the following figures were presented by the taxpayer in relation to the item concerned -
(i) Total sales of the above venture - 5000000
(ii) Export Sales - 3800000
(iii) Domestic Sales - 1200000
(iv) Changes brought in the stipulated time frame Foreign exchange - 3600000
(v) Profit of above undertaking - 500000
Compute the exemption under section 10a and compute the taxable income if the above figures relate to the following year - (a) Tax assessment year 2016-17
(b) Tax assessment year 2017-18​

Answer 1

Answer:

ex port tale is the answe