https://www.taxtmi.com/forum/issue?id=114225 Qualification for the concessional 25% tax rate turns on two operative requirements: the company's incorporation date and prescribed turnover thresholds. The company, incorporated on 16 December 2015, provided turnover figures below the higher threshold, but the advisor advised ineligibility under Section 115BA(2) because the company was incorporated before the required cut-off date; the taxpayer disputed the exact cut-off date cited but did not supply conflicting statutory authority. en-us Thu, 11 Oct 2018 16:02:34 +0530 Thu, 23 Jan 2025 15:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114225 Qualification for the concessional 25% tax rate turns on two operative requirements: the company's incorporation date and prescribed turnover thresholds. The company, incorporated on 16 December 2015, provided turnover figures below the higher threshold, but the advisor advised ineligibility under Section 115BA(2) because the company was incorporated before the required cut-off date; the taxpayer disputed the exact cut-off date cited but did not supply conflicting statutory authority. Discussion-Forum Income Tax Thu, 11 Oct 2018 16:02:34 +0530 https://www.taxtmi.com/forum/issue?id=114225