https://www.taxtmi.com/acts?id=32039 The amendment inserts a sub-section to provide that, notwithstanding sub-section (1), a unit in an International Financial Services Centre deriving income solely in convertible foreign exchange shall be subject to a reduced minimum alternate tax rate of nine per cent, with the new provision treated as substituting the reduced rate for the general rate and taking effect from April 1, 2019. en-us Mon, 19 Mar 2018 14:56:23 +0530 Mon, 19 Mar 2018 14:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32039 The amendment inserts a sub-section to provide that, notwithstanding sub-section (1), a unit in an International Financial Services Centre deriving income solely in convertible foreign exchange shall be subject to a reduced minimum alternate tax rate of nine per cent, with the new provision treated as substituting the reduced rate for the general rate and taking effect from April 1, 2019. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:56:23 +0530 https://www.taxtmi.com/acts?id=32039