TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Income-tax Act: Section 115JF redefines 'alternate minimum tax' rates and introduces new definitions effective April 2019.</h1> Section 115JF of the Income-tax Act was amended by the Finance Act, 2018, effective April 1, 2019. The amendment redefines 'alternate minimum tax' with a tax rate of nine percent for certain units under section 115JC(4) and eighteen and one-half percent for others. It introduces definitions for 'convertible foreign exchange' as recognized by the Reserve Bank of India and 'International Financial Services Centre' as per the Special Economic Zones Act, 2005. Additionally, it defines 'unit' as an entity established in an International Financial Services Centre.
TaxTMI 
TaxTMI 
