The quantum of deduction available to offshore Banking Units under section 80LA of Income-tax Act, 1961 located in Special Economic Zone (SEZ) and satisfying all conditions from the Gross Total Income is:

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Question:The quantum of deduction available to offshore Banking Units under section 80LA of Income-tax Act, 1961 located in Special Economic Zone (SEZ) and satisfying all conditions from the Gross Total Income is:

1.10096 of such income for five consecutive assessment years, relating to the previous year in which the permission was obtained

2. 5096 of such income for the next five consecutive years

3.2596 of such income for the next ten years

4. Both (A) and (B)

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  1. The quantum of deduction available to offshore Banking Units under section 80LA of Income-tax Act, 1961 located in Special Economic Zone (SEZ) and satisfying all conditions from the Gross Total Income is:
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