https://www.taxtmi.com/acts?id=53449 Income of a specified fund, being the investment division of an offshore banking unit, is computed by aggregating income from securities and specified short-term and long-term capital gains arising from transfer of securities. Expenditure relating to those income components is not deductible against any other income. The eligible investment division must file an annual statement of income in Form No. 70 by the prescribed due date, failing which the income is not eligible for the specified tax rates. en-us Fri, 20 Mar 2026 18:11:46 +0530 Tue, 07 Apr 2026 12:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53449 Income of a specified fund, being the investment division of an offshore banking unit, is computed by aggregating income from securities and specified short-term and long-term capital gains arising from transfer of securities. Expenditure relating to those income components is not deductible against any other income. The eligible investment division must file an annual statement of income in Form No. 70 by the prescribed due date, failing which the income is not eligible for the specified tax rates. Act-Rules Income Tax Fri, 20 Mar 2026 18:11:46 +0530 https://www.taxtmi.com/acts?id=53449