9911796707
TMI BlogInsertion of new section 80HHEX X X X Extracts X X X X X X X X Extracts X X X X ..... or a person (other than a company) resident in India, is engaged in the business of,- (i) export out of India of computer software or its transmission from India to a place outside India by any means; (ii) providing technical services outside India in connection with the development of production of computer software, there shall, in accordance with and subject to the provisions of this sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n such further period as the Commissioner may allow in this behalf. Explanation. The said consideration shall be deemed to have been received in India where it is credited to a separate account maintained for the purpose by the assessee with any bank outside India with the approval of the Reserve Bank of India. (3) For the purposes of sub-section (1), profits derived from the business referred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion of this Act for the same or any other assessment year. Explanation. For the purposes of this section,- (a) "convertible foreign exchange" shall have the meaning assigned to it in clause (a) of the Explanation to section 80HHC; (b) "computer software" means any computer programme recorded on any disc, tape, perforated media or other information storage device and includes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, charges or any other receipt of a similar nature included in such profits; and (2) the profits of any branch, office, warehouse or any other establishment of the assessee situate outside India; (e) "total turnover" shall not include- (i) any sum referred to in clauses (iiia), (iiib) and (iiic) of section 28; (ii) any freight, telecommunication charges or insurance attributable ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
