Amendment of section 115JB

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..... i) for the words "ten per cent.", at both the places where they occur, the words "fifteen per cent." shall be substituted; (b) in sub-section (2), after the second proviso, in Explanation 1, after clause (h), for the words, brackets and letters "if any amount referred to in clauses (a) to (h) is debited to the profit and loss account, and as reduced by-", the following shall be substituted and sh .....

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..... otal income of the assessee and the tax payable for the relevant previous year shall be ten per cent. of such book profit. It is proposed to amend sub-section (1) of said section 115JB to provide that if the income-tax payable on the total income as computed under the Income-tax Act in respect of any previous year relevant to the assessment year commencing on or after 1st April, 2010 is less than .....

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