Insertion of new section 80LA

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..... e of an assessee,- (i) being a scheduled bank (not being a bank incorporated by or under the laws of a country outside India) ; (ii) owning an offshore banking unit in a special economic zone, includes any income referred to in sub-section (2) , there shall be allowed, in accordance with and subject to the provisions of this section, a deduction from such income, of an amount equal to- (a) one hun .....

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..... ible foreign exchange, in accordance with the regulations made under the Foreign Exchange Management Act, 1999 (42 of 1999) . (3) No deduction under this section shall be allowed unless the assessee furnishes along with the return of income,- (i) in the prescribed form, the report of an accountant as defined in the Explanation below sub-section (2) of section 288, certifying that the deduction has .....

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