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I am not sure there is any discount policy to renew license. You may open a new account
https://quickbooks.grsm.io/India
then you may have 2 options to migrate data:
1. Utilize a tool
https://transactionpro.grsm.io/qbo
2. Purchase a 3rd party migration service.
Please share with us annual subscription Link
As far as I know, company doesn't offer any annual option at the moment for QBO India version
https://quickbooks.grsm.io/India
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