Income-tax Act, 1961
Section - 80HHF - Deduction in respect of profits and gains from export or transfer of film software, etc
Deduction in respect of profits and gains from export or transfer of film software, etc.80HHF. (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 software, television news software, including telecast rights (hereafter in this section referred to as the software or software rights), 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 to the extent of profits, referred to in sub-section (1A), derived by the assessee from such business.(1A) For the purposes of sub-section (1), the extent of deduction of profits shall be an amount equal to-
| (i) | - | eighty per cent of such profits for an assessment year beginning on the 1st day of April, 2001; |
| (ii) | - | seventy per cent thereof for an assessment year beginning on the 1st day of April, 2002; |
| (iii) | - | fifty per cent thereof for an assessment year begi .... To read the full section download the app from Google Play store
24 October 2026
CA Industrial TraineeFytomax Nutrition Private Limited Aurangabad CA Inter View Details
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