Section 34 - Amendment of section 80-O - Finance (No. 2) Act, 1991

34. Amendment of section 80-O. In section 80-O of the Income-tax Act, with effect from the 1 st day of April, 1992, (a) after the words an Indian company , the words and brackets or a person (other than a company) who is resident in India shall be inserted; (b) for the words technical services , the words technical or professional services shall be substituted; (c) the words under an agreement approved in this behalf by the Chief Commissioner or the Director General; shall be omitted; (d) the first and second provisos shall be omitted; (e) in the third proviso, for the words Provided also , the word Provided shall be substituted; (f) in the Explanation, after clause (ii), the following clause- shall be inserted, namely:- (iii) services rendered or agreed to be rendered outside India shall include services rendered from India but shall not include services rendered in India, .