Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 1988 Amends Section 80HHC: Export Income Deductions for Indian Exporters, Trading Houses, and Supporting Manufacturers.</h1> Section 80HHC of the Income-tax Act was amended by the Finance Act, 1988, effective April 1, 1989. The amendment allows Indian companies or residents engaged in exporting goods to claim a deduction on export income. If the exporter holds an Export or Trading House Certificate and issues a certificate to a supporting manufacturer, the deduction is adjusted accordingly. Supporting manufacturers can also claim deductions on sales to Export or Trading Houses, provided they submit the required accountant's report and certificate. The amendment defines 'Export House Certificate,' 'Trading House Certificate,' and 'supporting manufacturer' for clarity in claiming deductions.
TaxTMI 
TaxTMI 
