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[Cites 0, Cited by 4] [Section 38] [Entire Act]

Union of India - Subsection

Section 38(4) in The Finance Act, 2018

(4)Notwithstanding anything contained in sub-section (1), where the person referred to therein, is a unit located in an International Financial Services Centre and derives its income solely in convertible foreign exchange, the provisions of sub-section (1) shall have effect as if for the words "eighteen and one-half per cent.", the words "nine per cent." had been substituted.'.