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of <h1>Amendment to Section 115BA: Changes to Tax Provisions for Domestic Manufacturing Companies Effective April 1, 2020.</h1> Section 115BA of the Income-tax Act, 1961, is amended effective April 1, 2020, by the Taxation Laws (Amendment) Act, 2019. The marginal heading is changed from 'Tax on income of certain domestic companies' to 'Tax on income of certain domestic manufacturing companies.' Sub-section (1) is revised to exclude sections 115BAA and 115BAB from its provisions. Additionally, a new proviso is added to sub-section (4), allowing withdrawal of the option under section 115BA if the option under section 115BAA is exercised.
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