Tax incentives for Direct Exports

Tax incentives for Direct Exports

 Ans: Under direct exports the small entrepreneur may fall into any one of the following categories: (a) An assessee who exports goods manufactured or processed by him. (b) An assessee who does not manufacture by exports goods manufactured by other. (c) An assessee who exports manufactured goods as well as trading goods. In first case 80% of profit x export turnover + total turnover.

            In the second case 90% of export incentive not being profit of licence acquired from others x export turnover + total turnover. In the last case profit of business and turnover from sales to export house + total turnover of supporting manufacturer from all business.