Section 80HHC- Deduction in Respect of Profits Retained for Export Business
#section80hhc #profits #gain #export #business #income #incometax #incometaxact1961 The Income Tax Act, of 1961 is the main statute of Income Tax in India. It provides for levy, administration, collection, and recovery of Income Tax. As per Section 80HHC, (1)If the assessee is a resident of India and an Indian company or a person, is engaged in the business of export out of India of any goods or merchandise to which this section applies, there will, in accordance with and sub