Part DCASafe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC )
Rule 21AJAA - Determination of income of a specified fund attributable to the investment division of an offshore banking unit under sub-section (1B) of section 115AD of the Act
Income-tax Rules, 1962 Chapter IV TAX EXEMPTIONS AND RELIEFS
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Specified fund income computation requires aggregation of capital gains and securities income, with mandatory annual filing conditions. Determination of income of a specified fund, being the investment division of an offshore banking unit, is made by aggregating specified categories of ... Summary
Specified fund income computation requires aggregation of capital gains and securities income, with mandatory annual filing conditions.
Determination of income of a specified fund, being the investment division of an offshore banking unit, is made by aggregating specified categories of capital gains and income from securities. Expenditure incurred to earn those items is not allowable as a deduction against income from any other activity or source. The eligible investment division must furnish an annual statement in Form No. 10-IK electronically under digital signature on or before the due date, and tax rates under section 115AD apply only if the statement is furnished.
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