``Convertible foreign exchange'' in section 80HHB, 80HHC and 80-O of the Income-tax Act--Clarification regarding

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....eduction under section 80HHB is that the consideration for the execution of a foreign project/work is payable in convertible foreign exchange and at least 50 per cent. of the profits and gains derived from the business of execution of foreign project/ work is brought into India in convertible foreign exchange within a specified time. Likewise, deduction under section 80HHC is allowed to an exporte....