Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Insertion of new section 115BA-Tax on income of certain domestic companies

Clause 49 - Bills - DIRECT TAXES - Bill - Clause 49 - Insertion of new section 115BA. 49. After section 115B of the Income-tax Act, with effect from the 1st day of April, 2017, the following section shall be inserted, namely:- Tax on income of certai .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

us year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall, at the option of such person, be computed at the rate of twenty-five per cent., if the conditions contained in sub-section (2) are satisfied. (2) For the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

le or thing; and (c) the total income of the company has been computed,- (i) without any deduction under the provisions of section 10AA or clause (iia) of sub-section (1) of section 32 or section 32AC or section 32AD or section 33AB or section 33ABA .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

heading C.-Deductions in respect of certain incomes other than the provisions of section 80JJAA; (ii) without set off of any loss carried forward from any earlier assessment year if such loss is attributable to any of the deductions referred to in su .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

l be deemed to have been already given full effect to and no further deduction for such loss shall be allowed for any subsequent year. (4) The option by the person referred to in sub-section (1) shall be exercised in the prescribed manner on or befor .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

omestic companies. Sub-section (1) of the proposed new section provides that the income-tax payable in respect of the total income of a person being domestic company, for any previous year relevant to the assessment year beginning on or after the 1st .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

conditions referred to in sub-section (1) are the following, namely:- (a) the company has been set up and registered on or after the 1st day of March, 2016; (b) the company is engaged in the business of manufacturing or production of any article or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

b-clause (ii) or sub-clause (iia) or sub-clause (iii) of subsection (1) or sub-section (2AA) or sub-section (2AB) of section 35 or section 35AC or section 35AD or section 35CCC or section 35CCD or under any provisions of Chapter VI-A under the headin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version