https://www.taxtmi.com/article/detailed?id=9585 An option allows qualifying newly registered manufacturing companies to elect a 25% tax computation, subject to mandatory compliance and an irrevocable election mechanism; the option disallows a wide range of specified incentive deductions and related loss set offs, deems such losses lapsed, preserves a limited employment deduction, and prescribes modified depreciation treatment including caps and WDV adjustments; eligibility hinges on company incorporation timing, exclusive engagement in manufacturing, and procedural exercise of the option, raising practical issues about past incentive losses, company objects and the statutory meaning of domestic company. en-us Mon, 14 Dec 2020 10:07:17 +0530 Mon, 14 Dec 2020 10:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9585 An option allows qualifying newly registered manufacturing companies to elect a 25% tax computation, subject to mandatory compliance and an irrevocable election mechanism; the option disallows a wide range of specified incentive deductions and related loss set offs, deems such losses lapsed, preserves a limited employment deduction, and prescribes modified depreciation treatment including caps and WDV adjustments; eligibility hinges on company incorporation timing, exclusive engagement in manufacturing, and procedural exercise of the option, raising practical issues about past incentive losses, company objects and the statutory meaning of domestic company. Articles Income Tax Mon, 14 Dec 2020 10:07:17 +0530 https://www.taxtmi.com/article/detailed?id=9585