https://www.taxtmi.com/news?id=71918 Form 71 is the mandatory audit report for a registered investment division of an offshore banking unit where a specified fund seeks exemption under section 11 read with Schedule VI or concessional taxation under section 210(3) of the ITA 2025. It certifies fulfilment of the prescribed eligibility conditions, including separate books, audit by an accountant, relevant documentation, and filing by the specified date. The form is filed electronically with supporting records and, when validly furnished, supports the claim to exemption or concessional rates. en-us Sat, 28 Mar 2026 12:01:14 +0530 Sat, 28 Mar 2026 12:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71918 Form 71 is the mandatory audit report for a registered investment division of an offshore banking unit where a specified fund seeks exemption under section 11 read with Schedule VI or concessional taxation under section 210(3) of the ITA 2025. It certifies fulfilment of the prescribed eligibility conditions, including separate books, audit by an accountant, relevant documentation, and filing by the specified date. The form is filed electronically with supporting records and, when validly furnished, supports the claim to exemption or concessional rates. News - Sat, 28 Mar 2026 12:01:14 +0530 https://www.taxtmi.com/news?id=71918