Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking or an enterprise from any business referred to in sub-section (4) (such business being hereinafter referred to as the eligible […]

Deduction in respect of profits and gains from industrial undertakings after a certain date, etc (1) Where the gross total income of an assessee includes any profits and gains derived from an industrial undertaking or a ship or the business of a hotel or the business of repairs to ocean-going vessels or other powered craft,

Deduction in respect of profits and gains from export or transfer of film software, etc (1) Where an assessee, being an Indian company or a person (other than a company) resident in India, is engaged in the business of export or transfer by any means out of India, of any film software, television software, music

Deduction in respect of profits from export of computer software, etc (1) Where an assessee, 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

Deduction in respect of earnings in convertible foreign exchange (1) Where an assessee, being an Indian company or a person (other than a company) resident in India, is engaged in the business of a hotel or of a tour operator, approved by the prescribed authority in this behalf or of a travel agent, there shall,

Deduction in respect of profits retained for export business Section 80HHC of the Indian Income Tax Act provides certain tax deductions for businesses involved in exporting goods from India. This section aims to encourage and support Indian businesses engaged in international trade. Let’s break down the key points in simpler terms and provide examples: Deduction

Deduction in respect of profits and gains from housing projects in certain cases (1) Where the gross total income of an assessee being an Indian company or a person (other than a company) who is a resident in India includes any profits and gains derived from the execution of a housing project awarded to the

Deduction in respect of profits and gains from projects outside India (1) Where the gross total income of an assessee being an Indian company or a person (other than a company) who is resident in India includes any profits and gains derived from the business of— (a) the execution of a foreign project undertaken by

Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas (1) Where the gross total income of an assessee includes any profits and gains derived from a small-scale industrial undertaking to which this section applies, there shall, in accordance with and subject to the provisions of this section, be

Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas (1) Where the gross total income of an assessee includes any profits and gains derived from an industrial undertaking, or the business of a hotel, to which this section applies, there shall, in accordance with and subject