Section 10BB of Income Tax Act for AY 2023-24

Section 10BB of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules, 1962. Meaning of computer programmes in certain cases.

Amended and updated notes on section 10BB of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to meaning of computer programmes in certain cases.

Chapter III (Sections 10 to 13B) of the Income Tax Act 1961 deals with the provisions related to incomes which do not form part of total income. Section 10BB of IT Act 1961-2023 provides for meaning of computer programmes in certain cases.

Recently, we have discussed in detail section 10BA (special provisions in respect of export of certain articles or things) of IT Act 1961. Today, we learn the provisions of section 10BB of Income-tax Act 1961. The amended provision of section 10BB is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 10BB of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-10BB: Meaning of Computer Programmes in certain cases

The profits and gains derived by an undertaking from the production of computer programmes under section 10B, as it stood prior to its substitution by section 7 of the Finance Act, 2000 (10 of 2000), shall be construed as if for the words “computer programmes“, the words “computer programmes or processing or management of electronic data” had been substituted in that section.


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