AUBSP»Income Tax»Taxpayers»Section 10BB of Income-tax Act 1961-2017 – Meaning of computer programmes

Section 10BB of Income-tax Act 1961-2017 – Meaning of computer programmes

Detail analysis of the provisions of Section 10BB (Meaning of computer programmes in certain cases) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Chapter III (Sections 10-13B) of Income Tax Act, 1961 deals with provisions related to incomes which do not form part of total income. Section 10BB of Income Tax Act 1961-2017 provides for 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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