TMI BlogBenefit of section 80HHC for export of processed minerals--Clarification regarding export of cut and polished dimensional blocks, granite or other rocksX X X X Extracts X X X X X X X X Extracts X X X X ..... ated 17/11/1994 Section 80HHC of the Income-tax Act allows a deduction from the gross total income of the entire profits derived from export of goods other than minerals. Finance (No. 2) Act, 1991, extended the benefit to export of processed minerals and ores mentioned in the Twelfth Schedule to the Income-tax Act. Item (x) of the Schedule mention "cut and polished minerals and rocks including ..... X X X X Extracts X X X X X X X X Extracts X X X X
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