https://www.taxtmi.com/acts?id=20435 The Bill introduces an elective single-rate corporate tax for qualifying domestic companies-set up on or after 1 March 2016 and engaged in manufacturing-allowing computation of income-tax at twenty-five per cent. for assessment years from 1 April 2017, provided total income is computed without a specified list of deductions and without set off of related carry forward losses, with depreciation and other aspects determined as prescribed; excluded losses are deemed fully given effect to and the option must be exercised by the return filing due date. en-us Mon, 29 Feb 2016 16:42:30 +0530 Mon, 29 Feb 2016 16:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20435 The Bill introduces an elective single-rate corporate tax for qualifying domestic companies-set up on or after 1 March 2016 and engaged in manufacturing-allowing computation of income-tax at twenty-five per cent. for assessment years from 1 April 2017, provided total income is computed without a specified list of deductions and without set off of related carry forward losses, with depreciation and other aspects determined as prescribed; excluded losses are deemed fully given effect to and the option must be exercised by the return filing due date. Act-Rules Bill Mon, 29 Feb 2016 16:42:30 +0530 https://www.taxtmi.com/acts?id=20435