Section 6 - Amendment of section 10AA. - Finance Act, 2023

..... Amendment of section 10AA. 6. In section 10AA of the Income-tax Act, with effect from the 1st day of April, 2024, (a) in sub-section (1), after clause (ii) and before the Explanation, the following proviso shall be inserted, namely: Provided that no such deduction shall be allowed to an assessee who does not furnish a return of income on or before the due date specified under sub-section (1) of section 139. ; (b) after sub-section (4), the following shall be inserted, namely: '(4A) This sect .....

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Section 6 - Amendment of section 10AA. - Finance Act, 2023

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..... e meaning assigned to it in clause (ii) of the Explanation 2 to section 10A; (ia) export turnover means the consideration in respect of export by the undertaking, being the Unit of articles or things or services received in, or brought into, India by the assessee in convertible foreign exchange in accordance with the provisions of sub-section (4A), but does not include freight, telecommunication charges or insurance attributable to the delivery of the articles or things outside India or expenses .....

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Section 6 - Amendment of section 10AA. - Finance Act, 2023

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