Applicability of mat

115JB(6) The provisions of this section shall not apply to the income accrued or arising on or after the 1st day of April, 2005 from any business carried on, or services rendered, by an entrepreneur or a Developer, in a Unit or Special Economic Zone, as the case may be.]

The following proviso shall be inserted after sub-section (6) of section 115JB by the Finance Act, 2011, w.e.f. 1-4-2012 :

Provided that the provisions of this sub-section shall cease to have effect in respect of any previous year relevant to the assessment year commencing on or after the 1st day of April, 2012.

INCOME EARNED U/S 10A SHALL TAXED U/S 115JB