Income tax for software companies?
This query is : Resolved
anubhav bhatnagar
(Querist)
02 January 2021
Hi,
I wanted to ask is there any exemption of income tax on export of software services?
I have registered a company and many of my clients are based outside india.
What are the ways software companies can get excemption on income tax doing just export.
Please suggest!
Regards,
Anubhav B
I wanted to ask is there any exemption of income tax on export of software services?
I have registered a company and many of my clients are based outside india.
What are the ways software companies can get excemption on income tax doing just export.
Please suggest!
Regards,
Anubhav B
CA R SEETHARAMAN
(Expert)
03 January 2021
100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
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