https://www.taxtmi.com/acts?id=49532 Deduction for profits of an Indian company from export or transfer of film, television, music and news software and telecast rights is allowed where consideration is received or brought into India in convertible foreign exchange within six months (or extended by the competent authority). The deductible amount equals profits multiplied by the ratio of export turnover to total turnover. Claim requires a prescribed accountant's certificate with the return. The deduction is exclusive and is unavailable if the business is prohibited by law; definitions and exclusions govern computation of export turnover and profits. en-us Sat, 22 Feb 2025 11:02:42 +0530 Sat, 22 Feb 2025 11:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49532 Deduction for profits of an Indian company from export or transfer of film, television, music and news software and telecast rights is allowed where consideration is received or brought into India in convertible foreign exchange within six months (or extended by the competent authority). The deductible amount equals profits multiplied by the ratio of export turnover to total turnover. Claim requires a prescribed accountant's certificate with the return. The deduction is exclusive and is unavailable if the business is prohibited by law; definitions and exclusions govern computation of export turnover and profits. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 11:02:42 +0530 https://www.taxtmi.com/acts?id=49532