Special Economic Zone Act, 2005

The Second Schedule - -

-SECOND SCHEDULE

(See section 27)

MODIFICATIONS TO THE INCOME-TAX ACT, 1961

(43 of 1961)

(a) - in section 10,-
(A) - in clause (15), after sub-clause (vii), the following clause shall be inserted at the end, namely:-
- "(viii) any income by way of interest received by a non-resident or a person who is not ordinarily resident, in India on a deposit made on or after the 1st day of April, 2005, in an Offshore Banking Unit referred to in clause (u) of section 2 of the Special Economic Zones Act, 2005;";
(B) - in clause (23G), after the words, brackets, figures and letters "sub-section (4) of section 80-IA", the words, bra .... To read the full section download the app from Google Play store