https://www.taxtmi.com/notifications?id=119157 A new sub rule requires that the accountant's certificate for claiming the deduction on profits from foreign projects be furnished in Form No.10CCAH. The Form requires examination of balance sheet and profit and loss account, confirmation of convertible foreign exchange receipts, certification that amounts credited to the Foreign Project Reserve Account were used only for business purposes other than distributions, and an annexure detailing computation of eligible profits, credits, utilisations and add backs. The certificate must be signed by a qualified chartered accountant or equivalent auditor and must state reasons for any negative or qualified answers. en-us Tue, 01 Jun 1999 00:00:00 +0530 Wed, 27 Apr 2016 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119157 A new sub rule requires that the accountant's certificate for claiming the deduction on profits from foreign projects be furnished in Form No.10CCAH. The Form requires examination of balance sheet and profit and loss account, confirmation of convertible foreign exchange receipts, certification that amounts credited to the Foreign Project Reserve Account were used only for business purposes other than distributions, and an annexure detailing computation of eligible profits, credits, utilisations and add backs. The certificate must be signed by a qualified chartered accountant or equivalent auditor and must state reasons for any negative or qualified answers. Notifications Income Tax Tue, 01 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119157