https://www.taxtmi.com/circulars?id=9836 Deduction under section 80-O allows a fifty percent deduction on net income in convertible foreign exchange from royalties, commissions, fees or similar payments earned by an Indian company from a foreign Government or foreign enterprise, conditional on prior approval of the agreement by the delegated authorities and filing in the prescribed Form No.10F before the relevant filing cut-off; eligibility requires qualifying types of income rendered or used outside India, written agreements evidencing timing of services, exclusion or apportionment of non-qualifying elements in composite contracts, and examination of overlap with foreign-project deduction provisions. en-us Mon, 27 Mar 1989 00:00:00 +0530 Thu, 09 Jun 2011 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9836 Deduction under section 80-O allows a fifty percent deduction on net income in convertible foreign exchange from royalties, commissions, fees or similar payments earned by an Indian company from a foreign Government or foreign enterprise, conditional on prior approval of the agreement by the delegated authorities and filing in the prescribed Form No.10F before the relevant filing cut-off; eligibility requires qualifying types of income rendered or used outside India, written agreements evidencing timing of services, exclusion or apportionment of non-qualifying elements in composite contracts, and examination of overlap with foreign-project deduction provisions. Circulars Income Tax Mon, 27 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9836