https://www.taxtmi.com/acts?id=37870 A domestic company may opt into a concessional tax rate by a prescribed, irrevocable election filed by the return due date; the election excludes numerous specified deductions (notably most Chapter VI-A provisions), bars carry forward or set off of losses and unabsorbed depreciation attributable to those exclusions, requires depreciation to be claimed under the general depreciation provision as prescribed, and mandates corresponding written down value adjustments where prior depreciation was not fully given effect. A qualifying IFSC Unit may preserve its specific deduction subject to its conditions. en-us Thu, 03 Oct 2019 16:08:19 +0530 Wed, 18 Jun 2025 16:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37870 A domestic company may opt into a concessional tax rate by a prescribed, irrevocable election filed by the return due date; the election excludes numerous specified deductions (notably most Chapter VI-A provisions), bars carry forward or set off of losses and unabsorbed depreciation attributable to those exclusions, requires depreciation to be claimed under the general depreciation provision as prescribed, and mandates corresponding written down value adjustments where prior depreciation was not fully given effect. A qualifying IFSC Unit may preserve its specific deduction subject to its conditions. Act-Rules Income Tax Thu, 03 Oct 2019 16:08:19 +0530 https://www.taxtmi.com/acts?id=37870