IT Act 1961 → 2025 / Section 10(4D)–(4H), (23FBC), (23FF), (34B)
Non-residents & DTAAGIFT City / IFSC exemptions — specified funds, offshore derivatives, aircraft leasing, fund relocation
Section 10(4D)–(4H), (23FBC), (23FF), (34B) of the old Income-tax Act, 1961 · new Schedule VI under the Income-tax Act, 2025
New reference Section 11 read with Schedule VI (IFSC)
Applies to FY 2025-26 (AY 2026-27) and earlier years.
Applies from tax year 2026-27 (from 1 April 2026).
| 1961 Act | Subject | 2025 Act |
|---|---|---|
| 10(4D)(a) | Specified fund: transfer of capital assets on IFSC exchange | Schedule VI S.No. 1 |
| 10(4D)(b) | Specified fund: transfer of securities | Schedule VI S.No. 2 |
| 10(4D)(c)/(d) | Specified fund: securities of non-residents | Schedule VI S.No. 3 |
| 10(4D)(e)/(f) | Specified fund: securitisation trust income | Schedule VI S.No. 4 |
| 10(4E) | Non-resident: offshore derivatives / NDFs with IFSC banking unit | Schedule VI S.No. 5 |
| 10(4F) | Non-resident: aircraft/ship lease royalty and interest from IFSC unit | Schedule VI S.No. 6 |
| 10(4G) | Non-resident: portfolio management in IFSC | Schedule VI S.No. 7 |
| 10(4H) | Capital gains on shares of IFSC aircraft-leasing companies | Schedule VI S.No. 8 |
| 10(23FBC) | Unit holder of a specified fund | Schedule VI S.No. 9 |
| 10(23FF) | Relocation of offshore fund to IFSC | Schedule VI S.No. 10 |
| 10(34B) | Dividend from IFSC aircraft-leasing unit | Schedule VI S.No. 11 |
Source: CBDT mapping of sections, Income-tax Act 1961 to Income-tax Act 2025.
Renumbered into Schedule VI. The IFSC deduction (old 80LA) is section 147 and has a separate CBDT row. Finance Act 2026 substituted the 'specified fund' definition (Note 1(g)) in Schedule VI.
Section 10(4D)(a) of the Income-tax Act, 1961 (Specified fund: transfer of capital assets on IFSC exchange) corresponds to section Schedule VI S.No. 1 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(4D)(b) of the Income-tax Act, 1961 (Specified fund: transfer of securities) corresponds to section Schedule VI S.No. 2 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(4D)(c)/(d) of the Income-tax Act, 1961 (Specified fund: securities of non-residents) corresponds to section Schedule VI S.No. 3 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(4D)(e)/(f) of the Income-tax Act, 1961 (Specified fund: securitisation trust income) corresponds to section Schedule VI S.No. 4 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(4E) of the Income-tax Act, 1961 (Non-resident: offshore derivatives / NDFs with IFSC banking unit) corresponds to section Schedule VI S.No. 5 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(4F) of the Income-tax Act, 1961 (Non-resident: aircraft/ship lease royalty and interest from IFSC unit) corresponds to section Schedule VI S.No. 6 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Renumbered into Schedule VI. The IFSC deduction (old 80LA) is section 147 and has a separate CBDT row. Finance Act 2026 substituted the 'specified fund' definition (Note 1(g)) in Schedule VI.