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<h1>Income Tax Act Update: Section 115JB Amended, MAT Rate Rises to 18% from April 1, 2011.</h1> Section 115JB of the Income-tax Act has been amended by the Finance Act, 2010. Effective from April 1, 2011, the reference date 'April 1, 2010' is replaced with 'April 1, 2011.' Additionally, the minimum alternate tax rate is increased from 'fifteen percent' to 'eighteen percent' in the specified locations within the section.