Question ID : 840

10 A exemption - whel local sales and export sales are there

sir,
my client is havg an export turnover of 1 crore . and local turnover of 1 crore. but the local turnover is simply on no profit and no basis. what i mean to say is there is no sgle rupee profit from local sales.
the export turnover yielded a profit of 11 cs . now, whether for calcutg eligible profit for calcutg exemption under sec. 10A
once aga i say that there is no profit from local sale. just we purchased goods and supplied the same at cost price without any profit.

whehter 11 cs should be taken or should it be bifuricated the proportion of export turnover to total turnover?
kdly crify me this regard
regards
chandiprasad
gchandiprasad@yahoo.com
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