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Offshore Banking Units

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Dimple (Querist)
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11 May 2009 What is Offshore Banking Unit(s)

ca hardik (Expert)
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12 May 2009 offshore banking units means, the branch of the bank which oprates in the area of SEZ, and having mainly business of the units located in the SEZ. as per income tax, the income of the offshore banking unit is exempt from tax.

ca hardik (Expert)
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12 May 2009 offshore banking units means, the branch of the bank which oprates in the area of SEZ, and having mainly business of the units located in the SEZ. as per income tax, the income of the offshore banking unit is exempt from tax.

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