Aircraft leasing deduction claims in IFSC units require a declaration, eligibility details, and continued business certification. Statement-cum-declaration to be furnished by an International Financial Services Centre unit engaged in the business of leasing of aircraft to the lessee for the purposes of claiming deduction under section 147 of the Income-tax Act, 2025. The form captures the unit's identification particulars, the relevant permission or registration details, the period for which the deduction is opted, and the initial tax year from which the deduction was first claimed. It also requires certification that the unit continues to operate in the IFSC and remains engaged in the eligible business during the relevant tax year.
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.
Aircraft leasing deduction claims in IFSC units require a declaration, eligibility details, and continued business certification.
Statement-cum-declaration to be furnished by an International Financial Services Centre unit engaged in the business of leasing of aircraft to the lessee for the purposes of claiming deduction under section 147 of the Income-tax Act, 2025. The form captures the unit's identification particulars, the relevant permission or registration details, the period for which the deduction is opted, and the initial tax year from which the deduction was first claimed. It also requires certification that the unit continues to operate in the IFSC and remains engaged in the eligible business during the relevant tax year.
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