Consideration for the execution of foreign projects payable in non-convertible rupees from bilateral account countries--Treatment under section 80HHB of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Income-tax Act, 1961 Circular No. 563 Dated 23/5/1990 Section 80HHB of the Income-tax Act provides for a deduction in the computation of taxable income of certain assessees from the profits and gains derived from the business of execution of a foreign project or execution of any work forming part of any foreign project undertaken by any other person subject to certain conditions. One .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X