Amendment of section 115JB.

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..... en per cent.", at both the places where they occur, the words "eighteenand one-half per cent." shall be substituted; (ii) in sub-section (6) [as so inserted by the Special Economic Zones Act, 2005], (28 of 2005). The following proviso shall be inserted, namely: "Provided that the provisions of this sub-section shall cease to have effect in respect of any previous year relevant to the assessment ye .....

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..... ovide 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 the 1st day of April, 2012 is less than eighteen and one-half per cent. of its book profit, such book profit shall be deemed to be the total income of the assessee and the tax payable for the relevant previous year shal .....

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..... ssessment year commencing on or after the 1st day of April, 2012. These amendments will take effect from 1st April, 2012 and will, accordingly, apply in relation to the assessment year 2012-2013 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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