Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Accountant Report Confirms Lawful Business and Deductions Under Section 80HHF(4) for Software Export Companies</h1> This document is a report under the now-omitted section 80HHF(4) of the Income-tax Act, 1961, concerning deductions for Indian companies engaged in exporting or transferring software or software rights. It involves certifying that the assessee's business is lawful and calculating the deduction based on foreign exchange earnings. The report, prepared by an accountant, confirms the accuracy of the financial details provided, including export turnover and profits. It also checks whether foreign exchange earnings were repatriated within the stipulated timeframe, with provisions for extensions if approved by a competent authority.
TaxTMI