06-11-2009, 05:42 PM
Farhan, This section is only applicable with regards to Export of IT services and IT enabled services, in this regard, amount should be transferred through a normal banking channel by telegraphic transfer so that the correspondence Bank issues a certificate, which indicates that the said remittance has been received on account of Export of IT services so that the same is accepted by the Tax Authority and such income is considered as exempted.
Best Regards,
Best Regards,
