https://www.taxtmi.com/news?id=21984 The ordinance creates two elective tax regimes for domestic companies: a 22 percent option requiring computation of total income without a specified set of deductions and without set-off of related carried-forward losses, and a 15 percent option for new domestic manufacturing companies meeting formation, commencement, asset-use and activity restrictions; each option must be exercised by the prescribed due date and, once exercised, applies to subsequent assessment years with limited withdrawal rights. en-us Fri, 20 Sep 2019 16:50:37 +0530 Wed, 11 Feb 2026 15:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21984 The ordinance creates two elective tax regimes for domestic companies: a 22 percent option requiring computation of total income without a specified set of deductions and without set-off of related carried-forward losses, and a 15 percent option for new domestic manufacturing companies meeting formation, commencement, asset-use and activity restrictions; each option must be exercised by the prescribed due date and, once exercised, applies to subsequent assessment years with limited withdrawal rights. News - Fri, 20 Sep 2019 16:50:37 +0530 https://www.taxtmi.com/news?id=21984