https://www.taxtmi.com/acts?id=53447 Exempt income of a specified fund attributable to the investment division of an offshore banking unit is computed under a formula covering income from specified capital asset transfers, eligible securities, non-resident securities, and securitisation trust income. Expenditure related to those income items is not deductible against any other income under the Act. The eligible investment division must also furnish an annual statement of exempt income electronically in the prescribed form and within the prescribed time, and the rule defines key expressions by reference to the Act and related rules. en-us Fri, 20 Mar 2026 18:11:19 +0530 Tue, 07 Apr 2026 12:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53447 Exempt income of a specified fund attributable to the investment division of an offshore banking unit is computed under a formula covering income from specified capital asset transfers, eligible securities, non-resident securities, and securitisation trust income. Expenditure related to those income items is not deductible against any other income under the Act. The eligible investment division must also furnish an annual statement of exempt income electronically in the prescribed form and within the prescribed time, and the rule defines key expressions by reference to the Act and related rules. Act-Rules Income Tax Fri, 20 Mar 2026 18:11:19 +0530 https://www.taxtmi.com/acts?id=53447