Deduction in respect of certain incomes of Offshore Banking Unit and IFSC - Section 80LA

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....Services Centre (IFSC). "Offshore Banking Unit (OBU)" means a branch of bank located in SEZ and which has obtained required permission under the Banking Regulation Act. B. Eligible Income: Any income: (a) from an Offshore Banking Unit in a Special Economic Zone (b) from the Banking business with an undertaking located in a Special Economic Zone or any other undertaking which develops, dev....

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.... Provided that for the assessment year commencing on or after the 1st day of April, 2023, the deduction under this clause shall be 100% of such income. [Proviso added by FA, 2023] Part B - For unit of IFSC 100% of such income for any 10 consecutive AY's at the option of the assessee, out of 15 years, beginning with the year in which the permission under SEBI Act/Banking Regulation Act/IFS....

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....tion 80LA(1A), responsible for paying to a non-resident, not being a company, or to a foreign company, in Form No. 15CD, to the * Principal Director General of Income-tax (Systems) or * the Director General of Income-tax (Systems) or * the person authorised by the Principal Director General of Income-tax (Systems) or * the Director General of Income-tax (Systems) electronically under dig....