https://www.taxtmi.com/acts?id=47174 The amendment transfers approval authority for qualifying agreements under section 80-O to the Chief Commissioner or the Director General, expands qualifying receipts to include convertible foreign exchange received in India or received/converted abroad and brought into India, and allows a deduction equal to fifty per cent. of such income. It prescribes that applications for approval be filed in prescribed form and verified manner before the relevant deadline, preserves prior approvals granted by earlier authorities, and transfers pending applications to the Chief Commissioner or Director General for disposal. en-us Wed, 08 Jan 2025 11:31:10 +0530 Wed, 08 Jan 2025 11:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47174 The amendment transfers approval authority for qualifying agreements under section 80-O to the Chief Commissioner or the Director General, expands qualifying receipts to include convertible foreign exchange received in India or received/converted abroad and brought into India, and allows a deduction equal to fifty per cent. of such income. It prescribes that applications for approval be filed in prescribed form and verified manner before the relevant deadline, preserves prior approvals granted by earlier authorities, and transfers pending applications to the Chief Commissioner or Director General for disposal. Act-Rules F. Acts / Amendment Acts Wed, 08 Jan 2025 11:31:10 +0530 https://www.taxtmi.com/acts?id=47174