https://www.taxtmi.com/acts?id=11295 Where a company's income-tax computed under the Income-tax Act for any previous year relevant to an assessment year beginning on or after 1 April 2011 is less than the prescribed percentage of its book profit, that book profit shall be deemed to be the company's total income and tax shall be payable at the prescribed percentage of such book profit; the amendment substitutes the earlier date and increases the prescribed percentage, effective for assessment year 2011-2012 and subsequent years. en-us Fri, 26 Feb 2010 19:41:16 +0530 Fri, 26 Feb 2010 19:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11295 Where a company's income-tax computed under the Income-tax Act for any previous year relevant to an assessment year beginning on or after 1 April 2011 is less than the prescribed percentage of its book profit, that book profit shall be deemed to be the company's total income and tax shall be payable at the prescribed percentage of such book profit; the amendment substitutes the earlier date and increases the prescribed percentage, effective for assessment year 2011-2012 and subsequent years. Act-Rules Bills Fri, 26 Feb 2010 19:41:16 +0530 https://www.taxtmi.com/acts?id=11295