https://www.taxtmi.com/circulars?id=62661 Election to the 115BAA concessional regime requires computing total income without claiming additional depreciation and bars set off of brought forward losses attributable to additional depreciation for the year of election and subsequent years. The MAT regime will not apply post-election, and MAT tax credit will not be available after the option is exercised; however, because there is no deadline to elect, companies may choose to utilise accumulated additional depreciation losses or exhaust MAT credit under the prior regime before opting into 115BAA. en-us Wed, 02 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62661 Election to the 115BAA concessional regime requires computing total income without claiming additional depreciation and bars set off of brought forward losses attributable to additional depreciation for the year of election and subsequent years. The MAT regime will not apply post-election, and MAT tax credit will not be available after the option is exercised; however, because there is no deadline to elect, companies may choose to utilise accumulated additional depreciation losses or exhaust MAT credit under the prior regime before opting into 115BAA. Circulars Income Tax Wed, 02 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62661