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of <h1>Section 10A: Ten-year tax deduction for profits of new 100% export-oriented undertakings from export of goods or software</h1> Provides a tax deduction for profits derived by newly established hundred-per-cent export-oriented undertakings from export of goods or computer software for ten consecutive assessment years beginning with the year manufacturing/production starts, subject to conditions: not formed by splitting/reconstruction or by transfer of previously used plant (with specified exceptions), receipt of export proceeds in convertible foreign exchange within prescribed time, and proportionate allocation of export profits to export turnover. Claiming requires prescribed accountant's certificate and timely income-tax return; carries restrictions on loss carry-forward, other specified deductions, and depreciation computation; denial applies from the assessment year beginning 1 April 2012 onward; special rules cover amalgamation/demerger and taxpayer opt-out; key definitions include computer software, export turnover and hundred-per-cent export-oriented undertaking.
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