https://www.taxtmi.com/acts?id=40432 Computation of exempt income of a specified fund attributable to the investment division of an offshore banking unit is prescribed by aggregating income from eligible transfers of capital assets and securities, income from certain non-resident securities, and income from securitization trusts. Expenditure incurred to earn these specified incomes is not deductible against other income. The eligible investment division must file Form No. 10-IK, maintain separate accounts and supporting records, obtain an audit report in Form No. 10-IL, and comply with electronic filing and data-security requirements. en-us Mon, 17 Jan 2022 09:49:52 +0530 Tue, 19 May 2026 18:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40432 Computation of exempt income of a specified fund attributable to the investment division of an offshore banking unit is prescribed by aggregating income from eligible transfers of capital assets and securities, income from certain non-resident securities, and income from securitization trusts. Expenditure incurred to earn these specified incomes is not deductible against other income. The eligible investment division must file Form No. 10-IK, maintain separate accounts and supporting records, obtain an audit report in Form No. 10-IL, and comply with electronic filing and data-security requirements. Act-Rules Income Tax Mon, 17 Jan 2022 09:49:52 +0530 https://www.taxtmi.com/acts?id=40432