IFSC unit deduction exemption preserves Chapter VI A benefits despite section 115A(4) restriction on dividend, royalty and fee income. The amendment adds a proviso to section 115A(4) excluding from its bar on Chapter VI A deductions any deduction allowed to a Unit of an International Financial Services Centre under section 80LA, so that such IFSC unit deductions are not affected by the limitation on deductions for dividend, royalty and technical service fee income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IFSC unit deduction exemption preserves Chapter VI A benefits despite section 115A(4) restriction on dividend, royalty and fee income.
The amendment adds a proviso to section 115A(4) excluding from its bar on Chapter VI A deductions any deduction allowed to a Unit of an International Financial Services Centre under section 80LA, so that such IFSC unit deductions are not affected by the limitation on deductions for dividend, royalty and technical service fee income.
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