https://www.taxtmi.com/circulars?id=10287 Section 80 O allows deduction for royalties, commissions, fees or similar payments for exported technical know how or technical services rendered outside India, only where income is received from a foreign government or foreign enterprise. Eligibility is contingent on Board approval of the agreement, audited accounts and prescribed audit report for non company assessees, restriction to Indian companies after amendment, receipt and repatriation in convertible foreign exchange as required by law, and computation of deduction as net income after related expenses. en-us Sat, 23 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10287 Section 80 O allows deduction for royalties, commissions, fees or similar payments for exported technical know how or technical services rendered outside India, only where income is received from a foreign government or foreign enterprise. Eligibility is contingent on Board approval of the agreement, audited accounts and prescribed audit report for non company assessees, restriction to Indian companies after amendment, receipt and repatriation in convertible foreign exchange as required by law, and computation of deduction as net income after related expenses. Circulars Income Tax Sat, 23 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10287