TMI BlogMAT Rate for Companies in International Financial Services Centres Set at 9% per Section 115JB Amendment.Amendment of section 115JB. - MAT - in case of a company, being a unit of an International Financial Services Centre and deriving its income solely in convertible foreign exchange, the rate of tax under section 115JB shall be nine per cent. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|