TMI BlogComparison Chart for Companies opting New Rates of Tax Under Section 115BA, 115BAA or 115BABX X X X Extracts X X X X X X X X Extracts X X X X ..... Conditions / Restrictions 2. If the Domestic Company opts to be taxed under section 115BAA 22% Conditions / Restrictions 3. If the Domestic Company opt to be taxed under section 115BAB 15% Conditions / Restrictions Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15% 4. Rate of surcharge 7% if total income exceeds 1 Crore/12% if total income exceeds 10 Crores. 10% 10% 5. Effective Rate of Tax including Surcharge HEC 26% if total income is 1 Crore or less, 27.82% if total income exceeds 1 Crore but upto 10 Crores, 29. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 115BA can irrevocably opt for sec 115BAA and thereupon withdraw the option exercised for sec 115BA No. Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 80IA to 80RRB Except 80JJAA 10AA 32(1)(iia), 32AD 33AB, 33ABA 35(1)(ii),(iia), (iii), 35(2AA), 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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