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Deduction under sec. 80 hhc

This query is : Resolved 

25 May 2013 It has come to my knowledge that under sec. 80 HHC of the the Income Tax Act, there is a deduction available. My company is making exports to a unit situated at SEZ. We are making the invoices in rupee and getting payment also in rupee currency. Can we get any deduction under 80 HHC? If yes, how much and what will be the requirement?

25 May 2013 You can claim Export income under section 10 instead of 80HHC.

25 May 2013 Megha Ji

No deduction u/s 80HHC can be availed from assessment year 2005-06 and onwards. For details please refer subsection 4C.


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