Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]

The Karnataka High Court held that the Foreign currency expenditure incurred for providing software development services outside India cannot be excluded from export turnover for the purpose of computing deduction under Section 10B of the Income Tax Act. The assessee, M/s Mindtree Ltd is a company engaged in software development and filed its return of […]

from Taxscan | Simplifying Tax Laws https://ift.tt/31SetFn