Export profit deduction rate increases under section 80HHD result in higher allowable deduction percentages for specified clauses. Amendment revises percentage thresholds in section 80HHD: clause (c) increases the previously prescribed twenty per cent rate to a higher percentage, and clause (d) increases the previously prescribed ten per cent rate to a higher percentage, by substituting the new percentage figures in the sub-section as enacted by the Finance Act, 2002, effective from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Export profit deduction rate increases under section 80HHD result in higher allowable deduction percentages for specified clauses.
Amendment revises percentage thresholds in section 80HHD: clause (c) increases the previously prescribed twenty per cent rate to a higher percentage, and clause (d) increases the previously prescribed ten per cent rate to a higher percentage, by substituting the new percentage figures in the sub-section as enacted by the Finance Act, 2002, effective from the stated commencement date.
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