Rule 21AJAA Defines Income Calculation for Offshore Banking Unit's Investment Division u/s 115AD(1B) Effective April 2022.
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....Determination of income of a specified fund attributable to the investment division of an offshore banking unit under sub-section (1B) of section 115AD of the Act - Rule 21AJAA of the Income-tax Rules, 1962 - w.e.f. 1-4-2022....
TaxTMI