Insertion of new section 80HHE

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....ssee, being an Indian company or a person (other than a company) resident in India, is engaged in the business of,- (i) export out of India of computer software or its transmission from India to a place outside India by any means; (ii) providing technical services outside India in connection with the development of production of computer software, there shall, in accordance with ....

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....nable to do so within the said period of six months, within such further period as the Commissioner may allow in this behalf. Explanation. The said consideration shall be deemed to have been received in India where it is credited to a separate account maintained for the purpose by the assessee with any bank outside India with the approval of the Reserve Bank of India. (3) For the....

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.... year, no deduction shall be allowed in relation to such profits under any other provision of this Act for the same or any other assessment year. Explanation. For the purposes of this section,- (a) "convertible foreign exchange" shall have the meaning assigned to it in clause (a) of the Explanation to section 80HHC; (b) "computer software" means any computer programme re....