Section 218
Tax on business income of Offshore Banking Units or International Financial Services Centre unit.
About this Act
An Act to consolidate and amend the law relating to income-tax.
Where the total income of an assessee includes income of the nature referred to in section 147(3), the aggregate of income-tax payable by the assessee shall be the aggregate of income-tax computed on the income specified in column B of the Table below at the rate specified in the corresponding entry in column C of the said Table:
TABLE
Sl. No. | Income | Rate of income-tax payable
A | B | C
1. | Income referred to in section 147(3) | 15%
2. | Total income as reduced by income referred to in Sl. No. (1) | Rates in force.]
TABLE
Sl. No. | Income | Rate of income-tax payable
A | B | C
1. | Income referred to in section 147(3) | 15%
2. | Total income as reduced by income referred to in Sl. No. (1) | Rates in force.]