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Section 147 — Deductions for income of Offshore Banking Units and Units of International Financial Services Centre: its source in the Income-tax Act, 1961
Section 147 (Deductions for income of Offshore Banking Units and Units of International Financial Services Centre) of the Income-tax Act, 2025 corresponds to Section 80LA (Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre) of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 80LA — Deductions in respect of certain incomes of Offshore Banking Units and International Financial Services Centre
read both texts · §80LA (1961) vs §147 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
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