https://www.taxtmi.com/article/detailed?id=9153 Two optional concessional corporate tax regimes provide lower fixed rates but bar numerous specified deductions and remove MAT applicability, making the election depend on whether chapter VI incentives apply; for individuals/HUFs an alternative slab structure offers lower rates only if the taxpayer forgoes a broad list of exemptions and deductions, with certain carryforward losses lapsing and TDS concessions available only upon employee intimation, so choice requires case specific computation. en-us Wed, 06 May 2020 05:54:47 +0530 Thu, 07 May 2020 12:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9153 Two optional concessional corporate tax regimes provide lower fixed rates but bar numerous specified deductions and remove MAT applicability, making the election depend on whether chapter VI incentives apply; for individuals/HUFs an alternative slab structure offers lower rates only if the taxpayer forgoes a broad list of exemptions and deductions, with certain carryforward losses lapsing and TDS concessions available only upon employee intimation, so choice requires case specific computation. Articles Income Tax Wed, 06 May 2020 05:54:47 +0530 https://www.taxtmi.com/article/detailed?id=9153