Amendment of section 80HHC

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Full Text of the Document

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.... of an amount" and ending with the words "Provided that", the following shall be substituted, namely :- "deduction equal to the aggregate of- (a) four per cent. of the net foreign exchange realisation; and (b) fifty per cent. of so much of the profits derived by the assessee from the export of such goods or merchandise as exceeds the amount referred to in clause (a) : ....