https://www.taxtmi.com/acts?id=3159 A deduction is available for profits and gains of a newly established hundred per cent export oriented undertaking from exports of articles, things or computer software for a limited run of consecutive assessment years, provided the undertaking meets formation and non transfer conditions and export receipts are repatriated in convertible foreign exchange within prescribed timeframes. Export attributable profits are apportioned by export turnover to total turnover. Procedural conditions include furnishing an accountant's certificate with the return for specified years and an option to opt out; the section limits carry forward/set off of losses and the application of certain other deductions, and contains special rules for amalgamation, demerger and definitions for computer software and export turnover. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 26 Aug 2025 18:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3159 A deduction is available for profits and gains of a newly established hundred per cent export oriented undertaking from exports of articles, things or computer software for a limited run of consecutive assessment years, provided the undertaking meets formation and non transfer conditions and export receipts are repatriated in convertible foreign exchange within prescribed timeframes. Export attributable profits are apportioned by export turnover to total turnover. Procedural conditions include furnishing an accountant's certificate with the return for specified years and an option to opt out; the section limits carry forward/set off of losses and the application of certain other deductions, and contains special rules for amalgamation, demerger and definitions for computer software and export turnover. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3159