Section 8 - Insertion of new section 10BB - Finance Act, 2001

8. Insertion of new section 10BB After section 10B of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1994, namely :- 10BB. Meaning of computer programmes in certain cases.- The profits and gains derived by an undertaking from the production of computer programmes under section 10B, as it stood prior to its substitution by section 7 of the Finance Act, 2000 (10 of 2000), shall be construed as if for the words computer programmes , the words computer programmes or processing or management of electronic data had been substituted in that section. ,