https://www.taxtmi.com/acts?id=53432 Finance companies located in an International Financial Services Centre may carry out only specified lending, receivables, and treasury activities for the purposes of section 177(7)(b). The rule also provides that interest paid by such finance company, as borrower, on any debt issued by a non-resident shall be in foreign currency. The terms finance company and International Financial Services Centre are defined by reference to the relevant regulations and the Special Economic Zones Act, 2005. en-us Fri, 20 Mar 2026 18:07:38 +0530 Tue, 07 Apr 2026 11:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53432 Finance companies located in an International Financial Services Centre may carry out only specified lending, receivables, and treasury activities for the purposes of section 177(7)(b). The rule also provides that interest paid by such finance company, as borrower, on any debt issued by a non-resident shall be in foreign currency. The terms finance company and International Financial Services Centre are defined by reference to the relevant regulations and the Special Economic Zones Act, 2005. Act-Rules Income Tax Fri, 20 Mar 2026 18:07:38 +0530 https://www.taxtmi.com/acts?id=53432