https://www.taxtmi.com/acts?id=4309 Section 80HHD allows a deduction to hotels, prescribed tour operators and travel agents for profits attributable to services provided to foreign tourists where receipts are received in or brought into India in convertible foreign exchange within prescribed periods; the deductible amount may include sums credited to a reserve that must be utilised within five years for specified tourism related capital purposes, failing which the amounts are deemed taxable profits, and claimants must file an accountant's certificate with their return. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4309 Section 80HHD allows a deduction to hotels, prescribed tour operators and travel agents for profits attributable to services provided to foreign tourists where receipts are received in or brought into India in convertible foreign exchange within prescribed periods; the deductible amount may include sums credited to a reserve that must be utilised within five years for specified tourism related capital purposes, failing which the amounts are deemed taxable profits, and claimants must file an accountant's certificate with their return. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4309