https://www.taxtmi.com/news?id=19552 Section 47 is amended so that certain transactions by a non-resident on a recognized stock exchange in an IFSC-covering bonds and Global Depository Receipts, rupee denominated bonds of Indian companies, and derivatives-will not be regarded as a transfer if consideration is paid or payable in foreign currency. Section 115JC is amended to charge Alternate Minimum Tax at nine percent for a unit located in an IFSC, with consequential amendment to section 115JF; both amendments take effect from 1 April 2019 and apply to assessment year 2019 20 onward. en-us Mon, 05 Feb 2018 11:05:15 +0530 Mon, 05 Feb 2018 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19552 Section 47 is amended so that certain transactions by a non-resident on a recognized stock exchange in an IFSC-covering bonds and Global Depository Receipts, rupee denominated bonds of Indian companies, and derivatives-will not be regarded as a transfer if consideration is paid or payable in foreign currency. Section 115JC is amended to charge Alternate Minimum Tax at nine percent for a unit located in an IFSC, with consequential amendment to section 115JF; both amendments take effect from 1 April 2019 and apply to assessment year 2019 20 onward. News - Mon, 05 Feb 2018 11:05:15 +0530 https://www.taxtmi.com/news?id=19552