Deduction exclusion for IFSC units: amendment preserves separate tax treatment for IFSC unit deductions under the IFSC regime. An amendment inserts a proviso to section 115A(4) excluding from that sub section any deduction allowed to a Unit of an International Financial Services ... Summary
Deduction exclusion for IFSC units: amendment preserves separate tax treatment for IFSC unit deductions under the IFSC regime.
An amendment inserts a proviso to section 115A(4) excluding from that sub section any deduction allowed to a Unit of an International Financial Services Centre under section 80LA, thereby preserving the separate tax treatment for IFSC unit deductions.
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