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of <h1>Section 10BB Expands Tax Benefits to Include Electronic Data Processing Under Income-tax Act, Effective April 1994.</h1> Section 10BB was inserted into the Income-tax Act by the Finance Act, 2001, with retrospective effect from April 1, 1994. This section clarifies that profits and gains derived from the production of computer programs, as originally defined in section 10B before its amendment by the Finance Act, 2000, should be interpreted to include not only 'computer programmes' but also the 'processing or management of electronic data.' This amendment broadens the scope of activities eligible for tax benefits under the specified section.
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