Government company inclusion expands assessees eligible under section 33AC and defines 'Government company' by Companies Act. The amendment expands the scope of section 33AC by inserting "a Government company or" into subsection (1) so that government-owned companies are included ... Summary
Government company inclusion expands assessees eligible under section 33AC and defines 'Government company' by Companies Act.
The amendment expands the scope of section 33AC by inserting "a Government company or" into subsection (1) so that government-owned companies are included among eligible assessees, and adds an Explanation clause defining "Government company" by reference to the Companies Act, 1956.
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