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Rule 17D of Income Tax Rules 1962: Prescribed Foreign Projects (Section 80HHB)

Rule 17D : Prescribed foreign projects for the purposes of deduction in respect of profits and gains from projects outside India under section 80HHB
(Chapter: IV - Tax Exemptions and Reliefs)

For the purposes of sub-clause (iii) of clause (b) of sub-section (2) of section 80HHB, any project for execution of work of exploration, exploitation, development and production of hydrocarbons outside India shall be a foreign project.

Extra Notes for Readers:

- Rule 17D was introduced by the Income Tax (13th Amendment) Rules, 1999, w.e.f. 2-Jun-1999.

Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.

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