Deduction under section 80LA requires an accountant's Form 10CCF certifying eligible offshore banking income in SEZs. The rules insert Form 10-CCF under rule 19-AE as the required accountant's report for claiming the deduction for Offshore Banking Units in Special Economic Zones, mandating certification that the deduction is based on income received in convertible foreign exchange and supported by Annexure-A detailing assessee identification, Offshore Banking Unit particulars, permissions, gross income, non-convertible receipts, attributable expenses and computed income eligible for deduction.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 80LA requires an accountant's Form 10CCF certifying eligible offshore banking income in SEZs.
The rules insert Form 10-CCF under rule 19-AE as the required accountant's report for claiming the deduction for Offshore Banking Units in Special Economic Zones, mandating certification that the deduction is based on income received in convertible foreign exchange and supported by Annexure-A detailing assessee identification, Offshore Banking Unit particulars, permissions, gross income, non-convertible receipts, attributable expenses and computed income eligible for deduction.
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