Export of computer software deemed to include on-site development abroad, changing deduction proportions in a phased schedule.

The amendment declares that profits and gains from on-site development of computer software (including services for development of software) outside India shall be deemed to be profits and gains from the export of computer software outside India, thereby qualifying such receipts under section 80HHE. It also substitutes clauses in subsection (1B) to provide a phased schedule reducing the proportion of profits eligible for deduction for assessment years beginning on the 1st day of April, 2002, 2003 and 2004.

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