https://www.taxtmi.com/circulars?id=5096 Clause (iii) requires that the net profit shown in the profit and loss account be adjusted as per the Explanation's specified additions and deductions and that the deduction from book profits be computed by applying the procedural proportionate methods used in the export-deduction rules; if the business is exclusively eligible the full adjusted amount is deductible, otherwise the relevant export-related turnover or receipts proportion is applied to the adjusted amount to determine the deduction. en-us Mon, 21 Feb 1994 00:00:00 +0530 Thu, 19 Jun 2025 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5096 Clause (iii) requires that the net profit shown in the profit and loss account be adjusted as per the Explanation's specified additions and deductions and that the deduction from book profits be computed by applying the procedural proportionate methods used in the export-deduction rules; if the business is exclusively eligible the full adjusted amount is deductible, otherwise the relevant export-related turnover or receipts proportion is applied to the adjusted amount to determine the deduction. Circulars Income Tax Mon, 21 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5096