https://www.taxtmi.com/acts?id=51678 Deduction of 100% of specified income is allowed to a scheduled bank or foreign bank having an Offshore Banking Unit in a Special Economic Zone, and to a Unit of an International Financial Services Centre. The deduction applies to income from specified banking business activities, approved IFSC business activities, and transfer of an aircraft or ship leased by an IFSC Unit, subject to prescribed documentation and eligibility conditions. The provision extends the deduction period and applies additional restrictions for units commencing on or after 1 April 2026. en-us Thu, 14 Aug 2025 11:05:52 +0530 Sat, 04 Apr 2026 11:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51678 Deduction of 100% of specified income is allowed to a scheduled bank or foreign bank having an Offshore Banking Unit in a Special Economic Zone, and to a Unit of an International Financial Services Centre. The deduction applies to income from specified banking business activities, approved IFSC business activities, and transfer of an aircraft or ship leased by an IFSC Unit, subject to prescribed documentation and eligibility conditions. The provision extends the deduction period and applies additional restrictions for units commencing on or after 1 April 2026. Act-Rules Income Tax Thu, 14 Aug 2025 11:05:52 +0530 https://www.taxtmi.com/acts?id=51678