Section 218 Tax on business income of Offshore Banking Units or International Financial Services Centre unit
- Part
- E.—Special provisions relating to non-residents and foreign companies
- Amendments
- 1
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"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:
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"TABLE
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Sl. No.
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Income
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Rate of income-tax payable
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"A
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"B
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"C
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"1.
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Income referred to in section 147(3)
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"15%
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"2.
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Total income as reduced by income referred to in Sl. No. (1).
Section 218 substituted by Finance Act, 2026, s. 60, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "section 218"Rates in force.