https://www.taxtmi.com/acts?id=47172 Amendment to section 80HHC allows an Indian company or resident individual engaged in export to deduct the whole income from export of goods, but reduces that deduction proportionately where an Export House or Trading House issues a certificate assigning part of its deduction to a supporting manufacturer. A supporting manufacturer may claim deduction for income from sales to such certified Export/Trading Houses; profits are computed either wholly under business income or apportioned by turnover ratio. The supporting manufacturer's deduction requires an accountant's report and a certified Export/Trading House certificate confirming the Export/Trading House has not claimed the deduction. en-us Wed, 08 Jan 2025 11:30:38 +0530 Wed, 08 Jan 2025 11:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47172 Amendment to section 80HHC allows an Indian company or resident individual engaged in export to deduct the whole income from export of goods, but reduces that deduction proportionately where an Export House or Trading House issues a certificate assigning part of its deduction to a supporting manufacturer. A supporting manufacturer may claim deduction for income from sales to such certified Export/Trading Houses; profits are computed either wholly under business income or apportioned by turnover ratio. The supporting manufacturer's deduction requires an accountant's report and a certified Export/Trading House certificate confirming the Export/Trading House has not claimed the deduction. Act-Rules F. Acts / Amendment Acts Wed, 08 Jan 2025 11:30:38 +0530 https://www.taxtmi.com/acts?id=47172