TMI BlogMAT Rate in case of unit located in International Financial Services Centre - Section 115JB(7)X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial transaction which are undertaken on an international level. Notwithstanding anything contained in sub-section (1), where the assessee referred to therein, is a unit located in an International Financial Services Centre and derives its income solely in convertible foreign exchange, the provisions of sub-section (1) shall have the effect as if for the words eighteen and one-half per cent. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|