Applicability of section 115JAA: excluded where taxpayer opts for section 115BAA, creating mutually exclusive tax regimes. An amendment to section 115JAA inserts a new sub section excluding from its operation any person who has exercised the option under section 115BAA; ... Summary
Applicability of section 115JAA: excluded where taxpayer opts for section 115BAA, creating mutually exclusive tax regimes.
An amendment to section 115JAA inserts a new sub section excluding from its operation any person who has exercised the option under section 115BAA; enacted by the Taxation Laws (Amendment) Act, 2019, with effect from the first day of April, 2020.
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