Exempt income reporting mandates annual statement of specified funds' exempt and taxable income for eligible investment divisions. An Annual Statement obligation requires a Specified Fund to report yearly the exempt and taxable income of its eligible investment division, collecting fund identification and registration details, a compliance affirmation, and separate itemised calculations: exempt income aggregated from IFSC exchange transfers, transfers of non resident securities, non Indian accruals and securitisation trust receipts; and taxable income aggregated from long term and short term capital gains, interest like securities income and other securities income, followed by a signed declaration by an authorised officer.