1.

Explain the provisions of Section 80LA.

Answer»

1. Who can claim: Offshore Banking Unit/ International financial services Centre 

2. Nature of deduction: Income from

i) Offshore Banking Unit in SEZ.

ii) Business with an undertaking locatedin SEZ. 

iii) Any Unit of ISC from its business. 

3. Amount of Deduction: 100% of such income for 5 years, 50% such income for next 5 years.



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