218Tax on business income of Offshore Banking Units or International Financial Services Centre unit.
Section 218 · Chapter XIII · E.—Special provisions relating to non-residents and foreign companies · page 266 of the Act
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:
| Sl. No. | Income | Rate of income-tax payable |
|---|---|---|
| 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.] |