MAT Rate in case of unit located in International Financial Services Centre - Section 115JB(7)

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..... 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. .....

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