Income-tax Act, 1961

Section - 80HHB - Deduction in respect of profits and gains from projects out­side India

Deduction in respect of profits and gains from projects outside India.

80HHB. (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 the assessee in pursuance of a contract entered into by him, or
(b)- the execution of any work undertaken by him and forming part of a foreign project undertaken by any other person in pursuance of a contract entered into by such other person,
with the Government of a foreign State or any statutory or other public authority or agency in a foreign State, or a foreign enterprise, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to-

(i)-Google Play store