https://www.taxtmi.com/acts?id=47428 A new provision allows a deduction for profits from export of computer software and related technical services where the assessee is resident in India, conditional on receipt or repatriation of consideration in convertible foreign exchange (including deemed receipt where credited to an RBI approved separate foreign bank account). The deductible amount is apportioned by the ratio of export turnover to total turnover, with exclusions for foreign establishment profits and specified charges; a prescribed accountant's certificate must accompany the return and no double claim under other provisions is permitted. en-us Mon, 13 Jan 2025 15:44:46 +0530 Mon, 27 Jan 2025 16:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47428 A new provision allows a deduction for profits from export of computer software and related technical services where the assessee is resident in India, conditional on receipt or repatriation of consideration in convertible foreign exchange (including deemed receipt where credited to an RBI approved separate foreign bank account). The deductible amount is apportioned by the ratio of export turnover to total turnover, with exclusions for foreign establishment profits and specified charges; a prescribed accountant's certificate must accompany the return and no double claim under other provisions is permitted. Act-Rules F. Acts / Amendment Acts Mon, 13 Jan 2025 15:44:46 +0530 https://www.taxtmi.com/acts?id=47428