https://www.taxtmi.com/acts?id=4325 Section 80LA allows deductions for incomes of Offshore Banking Units and IFSC Units in Special Economic Zones: staged full and reduced deductions for OBUs and an option for IFSC Units to claim a one hundred per cent deduction for ten consecutive assessment years out of fifteen, subject to furnishing an accountant's certification and a copy of the requisite permission or registration; eligible incomes include OBU business, specified banking activity with SEZ undertakings, approved IFSC business, and certain transfers of leased aircraft or ships by qualifying IFSC units. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4325 Section 80LA allows deductions for incomes of Offshore Banking Units and IFSC Units in Special Economic Zones: staged full and reduced deductions for OBUs and an option for IFSC Units to claim a one hundred per cent deduction for ten consecutive assessment years out of fifteen, subject to furnishing an accountant's certification and a copy of the requisite permission or registration; eligible incomes include OBU business, specified banking activity with SEZ undertakings, approved IFSC business, and certain transfers of leased aircraft or ships by qualifying IFSC units. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4325