Comparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BAB

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..... ons 3. If the Domestic Company opt to be taxed under section 115BAB 15% Conditions / Restrictions Comparison Chart for Section 115BA, Section 115BAA & Section 115BAB Sr No. Points for Comparison Sec 115BA Sec 115BAA Sec 115BAC 1. Applicable to Certain Domestic Manufacturing Companies Certain Domestic Companies Certain New Domestic Manufacturing Companies 2. Company set-up & regist .....

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..... When an option for benefit u/s should be exercised On or before due date of ROI On or before due date of ROI for any PY relevant to AY commencing on or after 01.04.2020 On or before due date of ROI for furnishing first return of income under the provisions of the Act. 9. Whether existing company can migrate from section 115BA to the new section - Yes, Company which has opted for section 11 .....

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..... A), 35(2AB) * 35AD, 35CCC, 35CCD * Chapter VI-A * Except 80JJAA, 80LA, 80M * No setoff of any b/f loss or unabsorbed depreciation attributable to such deduction * 10AA * 32(1)(iia), 32AD * 33AB, 33ABA * 35(1)(ii),(iia), (iii), 35(2AA), 35(2AB) * 35AD, 35CCC, 35CCD * Chapter VI-A * Except 80JJAA, 80M * No setoff of any b/f loss or unabsorbed depreciation attributable to such .....

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