Deduction under section 80HHF: certified accountant report required to verify export software earnings and foreign exchange remittance conditions. A prescribed accountant's report must certify that the assessee's software export business is lawful, that consideration for exported software or software rights was received in convertible foreign exchange, and state the deduction claimed for the assessment year with computations. The annexure must itemise export turnover by software type, total turnover and profits, profits attributable to the eligible business, the deduction worked out, and confirm repatriation of foreign exchange within six months or with competent authority approval; the report must be signed by a chartered accountant or authorised auditor.
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Deduction under section 80HHF: certified accountant report required to verify export software earnings and foreign exchange remittance conditions.
A prescribed accountant's report must certify that the assessee's software export business is lawful, that consideration for exported software or software rights was received in convertible foreign exchange, and state the deduction claimed for the assessment year with computations. The annexure must itemise export turnover by software type, total turnover and profits, profits attributable to the eligible business, the deduction worked out, and confirm repatriation of foreign exchange within six months or with competent authority approval; the report must be signed by a chartered accountant or authorised auditor.
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