EOUs : Expenses incurred in foreign currency on computer software development onsite at client's place outside India is not to be excluded from export turnover

EOUs : Expenses incurred in foreign currency on computer software development onsite at client's place outside India is not to be excluded from export turnover.


When the expenditure is incurred in connection with development of software by the employees of the assessee-company at foreign branch and nothing has been incurred on managerial or technical services rendered to any outsider in foreign soil, the same should not be excluded from the export turnover for computing deduction under section 10B. - [2010] 8 TAXMANN.COM 276 (Chennai - ITAT)(SB)