https://www.taxtmi.com/article/detailed?id=9598 An optional tax regime allows newly established manufacturing companies to elect a concessional tax computation, granting an optional 15% tax rate on qualifying manufacturing income while excluding various incentive deductions and denying set off of losses and unabsorbed depreciation linked to those incentives; non-manufacturing income, certain capital gains and deemed excess related party profits are taxed at higher specified rates, and the option is irrevocable once exercised unless disqualified by failure to meet statutory conditions. en-us Sat, 26 Dec 2020 10:29:09 +0530 Sat, 26 Dec 2020 10:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9598 An optional tax regime allows newly established manufacturing companies to elect a concessional tax computation, granting an optional 15% tax rate on qualifying manufacturing income while excluding various incentive deductions and denying set off of losses and unabsorbed depreciation linked to those incentives; non-manufacturing income, certain capital gains and deemed excess related party profits are taxed at higher specified rates, and the option is irrevocable once exercised unless disqualified by failure to meet statutory conditions. Articles Income Tax Sat, 26 Dec 2020 10:29:09 +0530 https://www.taxtmi.com/article/detailed?id=9598