https://www.taxtmi.com/acts?id=48203 Finance companies located in an International Financial Services Centre and covered for section 94B must confine their activities to specified lending, receivables financing, or treasury functions. These include loans, guarantees, securitisation, financial leasing, factoring, forfaiting, hedging, cash management, structured credit, intra-group financing and similar treasury services. Interest paid by such a finance company on debt issued by a non-resident must be in foreign currency, and the defined meanings of Finance Company and International Financial Services Centre apply. en-us Wed, 29 Jan 2025 11:25:08 +0530 Tue, 19 May 2026 17:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48203 Finance companies located in an International Financial Services Centre and covered for section 94B must confine their activities to specified lending, receivables financing, or treasury functions. These include loans, guarantees, securitisation, financial leasing, factoring, forfaiting, hedging, cash management, structured credit, intra-group financing and similar treasury services. Interest paid by such a finance company on debt issued by a non-resident must be in foreign currency, and the defined meanings of Finance Company and International Financial Services Centre apply. Act-Rules Income Tax Wed, 29 Jan 2025 11:25:08 +0530 https://www.taxtmi.com/acts?id=48203