https://www.taxtmi.com/acts?id=21179 Amendments to MAT under section 115JB treat expenditure and income relating to patent royalty charged under the separate patent royalty provision as items for MAT computation, add a retrospective exclusion of certain foreign companies from MAT where no permanent establishment exists or registration is not required, and provide that units in an International Financial Services Centre deriving income solely in convertible foreign exchange will be subject to MAT calculated at a lower statutory rate, with definitions for IFSC, unit and convertible foreign exchange. en-us Fri, 06 May 2016 16:37:33 +0530 Wed, 03 May 2017 13:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21179 Amendments to MAT under section 115JB treat expenditure and income relating to patent royalty charged under the separate patent royalty provision as items for MAT computation, add a retrospective exclusion of certain foreign companies from MAT where no permanent establishment exists or registration is not required, and provide that units in an International Financial Services Centre deriving income solely in convertible foreign exchange will be subject to MAT calculated at a lower statutory rate, with definitions for IFSC, unit and convertible foreign exchange. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:37:33 +0530 https://www.taxtmi.com/acts?id=21179