TaxTMI 
TaxTMI 
Income-tax (Second Amendment) Rules, 2025
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....(c) of the Explanation to clause (4D), sub-item (iv) of item (II) of sub-clause (A) of clause (b) of the Explanation to clause (23FB) of section 10 and clause (iv) of sub-section (5) of section 94B of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:___ 1. (1) These rules may be called the....
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....the International Financial Services Centres Authority Act, 2019 (50 of 2019)."; (b) after rule 21AC, the following shall be inserted, namely:- "Conditions and activities for the Finance Company located in any International Financial Services Centre for section 94B.- 21ACA.- (1) For the purposes of clause (iv) of sub-section (5) of section 94B, the Finance Company located in any International ....
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.... finance company as defined in clause (e) of sub-regulation (1) of regulation 2 of the International Financial Services Centres Authority (Finance Company) Regulations, 2021 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019); and (ii) "International Financial Services Centre" shall have the meaning as assigned to it in clause (q) of section 2 of the Special ....
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....sset under management in a single company. (B) the Exchange Traded Fund shall satisfy the following conditions, namely:- (i) it shall be mandatorily listed and traded on a recognised stock exchange; and (ii) it shall comply with the requirements as specified in International Financial Services Centres Authority (Fund Management) Regulations, 2022 made under the International Financial Servic....