CBDT Circular No 4/2018

The  Central Board of Direct Taxes (CBDT) following Apex Court ruling in case of HCL Technologies [2018] (SC) has clarified that freight, telecommunication charges and insurance expenses are to be excluded from both ‘export turnover’ and ‘total turnover’ while working out deduction admissible under section 10A.

Download CBDT Circular No 4/2018 Dated 14th August 2018