https://www.taxtmi.com/article/detailed?id=9028 Concessional corporate tax regimes permit domestic companies to elect lower tax computation in exchange for foregoing specified deductions and certain carryforward reliefs; elections are made by the return due date and are generally irrevocable. Section 115BA targets new manufacturing companies with restrictions on additional depreciation and specified incentives; Section 115BAA offers a broad concessional rate to all domestic companies subject to surrender of enumerated deductions, denial of related loss set offs and MAT credit, and mandatory normal depreciation; Section 115BAB targets qualifying new manufacturing companies with stricter eligibility, prohibition on certain reused assets, exclusion of particular businesses, and anti abuse provisions allowing arm's length adjustment of related party transactions. en-us Mon, 30 Mar 2020 10:12:58 +0530 Mon, 30 Mar 2020 17:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9028 Concessional corporate tax regimes permit domestic companies to elect lower tax computation in exchange for foregoing specified deductions and certain carryforward reliefs; elections are made by the return due date and are generally irrevocable. Section 115BA targets new manufacturing companies with restrictions on additional depreciation and specified incentives; Section 115BAA offers a broad concessional rate to all domestic companies subject to surrender of enumerated deductions, denial of related loss set offs and MAT credit, and mandatory normal depreciation; Section 115BAB targets qualifying new manufacturing companies with stricter eligibility, prohibition on certain reused assets, exclusion of particular businesses, and anti abuse provisions allowing arm's length adjustment of related party transactions. Articles Income Tax Mon, 30 Mar 2020 10:12:58 +0530 https://www.taxtmi.com/article/detailed?id=9028