https://www.taxtmi.com/acts?id=37871 Section 115BAB permits a domestic manufacturing company to elect a concessional tax computation at a specified rate if it satisfies conditions: being newly set up and commenced by the prescribed cut-off, not formed by splitting or reconstruction (with limited exception), not using previously used plant or machinery beyond a de minimis threshold, not using certain previously used hotel or convention centre buildings, and being engaged solely in manufacture/production (with certain businesses excluded). The option requires waiver of specified deductions and set-off of certain losses, is exercisable by prescribed filing and is irrevocable, with related-party adjustments and binding Board guidelines for implementation. en-us Thu, 03 Oct 2019 16:11:44 +0530 Thu, 28 Aug 2025 14:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37871 Section 115BAB permits a domestic manufacturing company to elect a concessional tax computation at a specified rate if it satisfies conditions: being newly set up and commenced by the prescribed cut-off, not formed by splitting or reconstruction (with limited exception), not using previously used plant or machinery beyond a de minimis threshold, not using certain previously used hotel or convention centre buildings, and being engaged solely in manufacture/production (with certain businesses excluded). The option requires waiver of specified deductions and set-off of certain losses, is exercisable by prescribed filing and is irrevocable, with related-party adjustments and binding Board guidelines for implementation. Act-Rules Income Tax Thu, 03 Oct 2019 16:11:44 +0530 https://www.taxtmi.com/acts?id=37871