Section 115BA of ITA, 1961 : Section 115Ba: Tax On Income Of Certain Domestic Companies
ITA, 1961
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Explanation using Example
Imagine a scenario where "XYZ Manufacturing Pvt. Ltd." is a domestic company that was registered on April 10, 2016. The company exclusively engages in the production of eco-friendly packaging materials. For the financial year 2021-2022, the company decides to opt for a lower tax rate of 25% as per Section 115BA of the Income-tax Act, 1961.
To qualify for this lower tax rate,...
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