https://www.taxtmi.com/acts?id=49145 Permits a 100% deduction of income for qualifying Offshore Banking Units and IFSC units on income from OBUs, banking activities linked to Special Economic Zone undertakings, approved IFSC activities in Special Economic Zones, and certain transfers of leased aircraft or ships by qualifying IFSC units. The deduction is available for a limited consecutive period from the relevant tax year and requires submission with the return of an accountant's prescribed certification and copies of necessary permissions or registrations authorising banking or IFSC operations. Definitions and the relevant tax year are tied to statutory approvals and cross referenced terms. en-us Fri, 14 Feb 2025 17:13:50 +0530 Fri, 14 Feb 2025 17:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49145 Permits a 100% deduction of income for qualifying Offshore Banking Units and IFSC units on income from OBUs, banking activities linked to Special Economic Zone undertakings, approved IFSC activities in Special Economic Zones, and certain transfers of leased aircraft or ships by qualifying IFSC units. The deduction is available for a limited consecutive period from the relevant tax year and requires submission with the return of an accountant's prescribed certification and copies of necessary permissions or registrations authorising banking or IFSC operations. Definitions and the relevant tax year are tied to statutory approvals and cross referenced terms. Act-Rules Bills Fri, 14 Feb 2025 17:13:50 +0530 https://www.taxtmi.com/acts?id=49145