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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Benefit of deduction u/s. 80IC - the agreement with ZTE is very ...

Income Tax

February 29, 2020

Benefit of deduction u/s. 80IC - the agreement with ZTE is very clear that the supply of software and hardware necessary to support the software supply, installation & commissioning as well as rendering support services were to be done on a turnkey basis. Though the services agreement is separately entered into by the assessee, it has a direct nexus and connection with the agreement for supply of software. - deduction allowed - AT

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