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Section 218: Tax on business income of Offshore Banking Units or International Financial Services Centre unit

The Income-tax Act, 2025Central Act · Act 30 of 2025

Tax on business income of Offshore Banking Units or International Financial Services Centre unit.

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

Where this provision sits

ActThe Income-tax Act, 2025
Section218
Marginal noteTax on business income of Offshore Banking Units or International Financial Services Centre unit
JurisdictionCentral
StatusIn force as published by the source

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