https://www.taxtmi.com/acts?id=31807 A new sub section provides that a unit located in an International Financial Services Centre deriving its income solely in convertible foreign exchange will be subject to the alternate minimum tax at the rate of nine per cent instead of the previously prescribed rate; the amendment is effective 1 April 2019 and applies to the relevant assessment year and subsequent years. en-us Thu, 01 Feb 2018 17:12:33 +0530 Thu, 01 Feb 2018 17:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31807 A new sub section provides that a unit located in an International Financial Services Centre deriving its income solely in convertible foreign exchange will be subject to the alternate minimum tax at the rate of nine per cent instead of the previously prescribed rate; the amendment is effective 1 April 2019 and applies to the relevant assessment year and subsequent years. Act-Rules Bills Thu, 01 Feb 2018 17:12:33 +0530 https://www.taxtmi.com/acts?id=31807