https://www.taxtmi.com/acts?id=49764 Section 10B is amended to compute exempt profits by applying the ratio of export turnover to total turnover to the undertaking's business profits; the second proviso to subsection (1) is omitted. Explanatory changes exclude certain shareholding changes (public interest conversions or venture capital disinvestment) from adverse treatment, refine wording to attribute export receipts to the undertaking, and deem profits from on site software development outside India to be profits from export of computer software. en-us Tue, 25 Feb 2025 11:40:39 +0530 Tue, 25 Feb 2025 11:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49764 Section 10B is amended to compute exempt profits by applying the ratio of export turnover to total turnover to the undertaking's business profits; the second proviso to subsection (1) is omitted. Explanatory changes exclude certain shareholding changes (public interest conversions or venture capital disinvestment) from adverse treatment, refine wording to attribute export receipts to the undertaking, and deem profits from on site software development outside India to be profits from export of computer software. Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 11:40:39 +0530 https://www.taxtmi.com/acts?id=49764