18 July 2008
one of the conditions of sec 10B is repartriation of sale proceeds to india in 6 months. but in case of a indian subsidiary(software developers) who transfers all the software developed to its foreign parent company who in turn sells it to outsiders, there wont be any repartriation of sale proceeds. in this case will sec 10B apply here. the subsidiary company gets money from parent company towards expenditure secondly is it correct to book income by applying transfer price methods
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