https://www.taxtmi.com/circulars?id=12036 Profits from software developed abroad at a client's site are deemed export and eligible for benefits under sections 10A, 10AA and 10B where there is a direct nexus and a contract between the client and the eligible Indian unit; deputation of technical manpower abroad for software work is similarly eligible when contractually engaged and conditions are met. Multiple SOWs under an MSA are permissible with SOW prevailing; Engineering and Design includes embedded R&D; slump-sale, SEZ relocation or setting up new units do not automatically defeat benefits, and separate books are not legally required though unit-level details may be sought. en-us Thu, 17 Jan 2013 00:00:00 +0530 Fri, 14 Jun 2024 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=12036 Profits from software developed abroad at a client's site are deemed export and eligible for benefits under sections 10A, 10AA and 10B where there is a direct nexus and a contract between the client and the eligible Indian unit; deputation of technical manpower abroad for software work is similarly eligible when contractually engaged and conditions are met. Multiple SOWs under an MSA are permissible with SOW prevailing; Engineering and Design includes embedded R&D; slump-sale, SEZ relocation or setting up new units do not automatically defeat benefits, and separate books are not legally required though unit-level details may be sought. Circulars Income Tax Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=12036