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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Deduction under sec. 10B - sale proceeds of the computer ...


Sale Proceeds of Software Qualify for Section 10B Deduction After Timely Repatriation Within RBI's Extended Period.

April 22, 2016

Case Laws     Income Tax     AT

Deduction under sec. 10B - sale proceeds of the computer software has been brought by the assessee within the extended period of 12 months by the Reserve Bank of India and hence, is includible in the deduction allowable under sec. 10B - AT

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