Amendment of section 115JB

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1st day of April, 2011" shall be substituted; (b) for the words "fifteen per cent." at both the places where they occur, the words "eighteen percent." shall be substituted. - Clause 30 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by certain companies. Under the existing provisions contained in sub-section (1) of the aforesai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e total income of the assessee and the tax payable for the relevant previous year shall be eighteen per cent. of such book profit. This amendment will take effect from 1st April, 2011 and will, accordingly, apply in relation to the assessment year 2011-2012 and subsequent ye - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X