https://www.taxtmi.com/acts?id=46056 An Indian company may deduct forty per cent of income received as royalties, commission, fees or similar payments from persons carrying on business in India when such income is consideration for the provision of technical know how or connected services, provided the agreement was entered into on or after the commencement date and Central Government approval is applied for before the relevant assessment year cut off; the deduction is not available for income already qualifying for the alternative specified deduction. en-us Wed, 11 Dec 2024 17:47:02 +0530 Wed, 11 Dec 2024 17:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46056 An Indian company may deduct forty per cent of income received as royalties, commission, fees or similar payments from persons carrying on business in India when such income is consideration for the provision of technical know how or connected services, provided the agreement was entered into on or after the commencement date and Central Government approval is applied for before the relevant assessment year cut off; the deduction is not available for income already qualifying for the alternative specified deduction. Act-Rules F. Acts / Amendment Acts Wed, 11 Dec 2024 17:47:02 +0530 https://www.taxtmi.com/acts?id=46056