https://www.taxtmi.com/circulars?id=4864 An export house or trading house holding the prescribed certificate may pass part or all of its export profit tax benefit to a manufacturer; the actual payment so made may be treated as a business expenditure and deducted in computing the intermediary's total income, provided the aggregate of the intermediary's own tax benefit and the amount passed on does not exceed the maximum deduction available, and the intermediary's profits for computing that maximum are determined after accounting for the payment. Payments received by the manufacturer are not includible in its income if supported by the intermediary's certificate. en-us Thu, 14 Aug 1986 00:00:00 +0530 Mon, 04 Aug 2008 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4864 An export house or trading house holding the prescribed certificate may pass part or all of its export profit tax benefit to a manufacturer; the actual payment so made may be treated as a business expenditure and deducted in computing the intermediary's total income, provided the aggregate of the intermediary's own tax benefit and the amount passed on does not exceed the maximum deduction available, and the intermediary's profits for computing that maximum are determined after accounting for the payment. Payments received by the manufacturer are not includible in its income if supported by the intermediary's certificate. Circulars Income Tax Thu, 14 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4864