Form No. 1A - To be furnished by a Unit of International Financial Services Centre (‘buyer’) to a Unit of International Financial Services Centre (‘seller’)
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Deduction under section 80LA: IFSC unit must furnish Form No.1A declaring eligibility and ongoing engagement. Form No. 1A requires an IFSC unit to provide name, PAN, address and date of permission/registration, and to submit a statement cum declaration that the unit is engaged in the stated business, is eligible for deduction under section 80LA, has opted to claim the deduction for specified previous years, continues to operate in the IFSC and carries on the declared business; the form also requires verification and signature by a person competent to sign the income tax return.
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.
Deduction under section 80LA: IFSC unit must furnish Form No.1A declaring eligibility and ongoing engagement.
Form No. 1A requires an IFSC unit to provide name, PAN, address and date of permission/registration, and to submit a statement cum declaration that the unit is engaged in the stated business, is eligible for deduction under section 80LA, has opted to claim the deduction for specified previous years, continues to operate in the IFSC and carries on the declared business; the form also requires verification and signature by a person competent to sign the income tax return.
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