CBDT Notifies New Rule 21AJA, Rule 21AJAA & Form No 10-IK

Subject- Computation of income of specified fund, attributable to the investment division of an offshore banking unit, for the purposes of section 10(4D) and section 115AD of the Income tax Act, 1961

CBDT notifies new Rule 21AJA, Rule 21AJAA & Form No. 10-IK vide Notification No. 6/2022 | Dated: 14th January, 2022-

Rule 21AJA. Computation of exempt income of specified fund, attributable to the investment division of an offshore banking unit, for the purposes of clause (4D) of section 10 of the Income Tax Act, 1961

Rule 21AJAA. 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 Income Tax Act, 1961

FORM NO. 10-IK – [see rule 21AJA and rule 21AJAA] – Annual Statement of Exempt Income under sub-rule (2) of rule 21AJA and taxable income under sub-rule (2) of rule 21AJAA.