Tax on Domestic Companies under section 115BAA

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..... Section 10AA : Deductions from the Special Economic Zones (SEZ) unit. Section 32(1)(iia) : Additional Depreciation Section 32AD : Expenditure that is allocated on machinery and new plants manufactured in the notified backward areas in the states of Bihar, West Bengal, Telangana and Andhra Pradesh. Section 33AB : Deduction given on rubber manufacturing, tea and coffee. .....

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..... allowed for any subsequent year. (If the above conditions are not satisfied in any PY, the exercise of the option will be invalid for that PY and subsequent PYs and normal provisions of the Act shall apply. Option has to be exercise upto the due date of ROI u/s 139 Once the option is exercised it can t be withdrawn for the same or any other PY. As per the rules of CBDT, this .....

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