<h1>Amendment to Section 115BA: 25% Tax Rate Only for Specified Business Activities, Retroactive from April 1, 2017.</h1> Section 115BA of the Act allows newly established domestic companies in manufacturing, production, research, or distribution to opt for a 25% tax rate on total income, effective from the 2017-18 assessment year. However, certain incomes taxed at different rates have caused unintended issues. To address this, an amendment clarifies that Section 115BA applies only to income from specified business activities, while other incomes will continue to be taxed at their current rates. This amendment is retroactive from April 1, 2017, affecting the 2017-18 assessment year and beyond.