Section 80HHE of ITA, 1961 : Section 80Hhe: Deduction In Respect Of Profits From Export Of Computer Software, Etc

ITA, 1961

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a scenario where Infosoft Pvt. Ltd., an Indian company, develops computer software and exports it to clients in the United States. The revenue generated from these exports amounts to INR 10 crore for the financial year 2001-2002. Infosoft Pvt. Ltd. receives this amount in US dollars, which is convertible foreign exchange, within six months from the end of the financial year.

Under Section 80HHE of the Income-tax Act, 1961, Infosoft Pvt. Ltd. is eligible to claim a deduction of 80% of the profits derived from the export of this software when computing their ...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link