https://www.taxtmi.com/acts?id=40433 Determination of income of a specified fund, being the investment division of an offshore banking unit, is made by aggregating specified categories of capital gains and income from securities. Expenditure incurred to earn those items is not allowable as a deduction against income from any other activity or source. The eligible investment division must furnish an annual statement in Form No. 10-IK electronically under digital signature on or before the due date, and tax rates under section 115AD apply only if the statement is furnished. en-us Mon, 17 Jan 2022 09:52:37 +0530 Tue, 19 May 2026 18:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40433 Determination of income of a specified fund, being the investment division of an offshore banking unit, is made by aggregating specified categories of capital gains and income from securities. Expenditure incurred to earn those items is not allowable as a deduction against income from any other activity or source. The eligible investment division must furnish an annual statement in Form No. 10-IK electronically under digital signature on or before the due date, and tax rates under section 115AD apply only if the statement is furnished. Act-Rules Income Tax Mon, 17 Jan 2022 09:52:37 +0530 https://www.taxtmi.com/acts?id=40433