Export undertaking deduction conditions: Section 10A benefits ceased for later assessment years, subject to historic eligibility and reserve requirements.

Section 10A formerly granted a deduction for profits and gains derived from export of specified articles, things or computer software by qualifying undertakings. No deduction is available for assessment year 2012-13 or later. Eligibility required that the undertaking not arise through splitting up, reconstruction, or transfer of previously used plant or machinery; export proceeds had to be realised in convertible foreign exchange; the return had to be timely filed; and Form 56F had to accompany it. A reinvestment reserve was subject to prescribed utilisation conditions.

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