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of <h1>Finance Bill 2018 amends Section 115BA to widen tax rate provisions for domestic companies, effective April 1, 2017.</h1> Clause 33 of the Finance Bill, 2018 proposes an amendment to section 115BA of the Income-tax Act, which pertains to the tax rate on income for certain domestic companies. Previously, this section was subject to sections 111A and 112, but the amendment broadens its scope to include all provisions of the relevant Chapter. This change is applied retrospectively from April 1, 2017, affecting the assessment year 2017-2018 and onwards, allowing eligible companies to opt for a 25% tax rate under the revised conditions.
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