https://www.taxtmi.com/manuals?id=1891 Tax on income of newly set-up domestic manufacturing companies is available only to domestic companies engaged in manufacture or production, subject to conditions on incorporation, commencement of manufacturing, prescribed exercise of option, and compliance with statutory restrictions on business structure, plant and machinery, and permitted activities. Manufacturing income is taxable at 15%, non-manufacturing income and certain short-term capital gains at 22%, and deemed income at 30%, with surcharge and health and education cess added. Specified deductions are disallowed, related losses and unabsorbed depreciation cannot be set off, and the option once exercised cannot be withdrawn. en-us Tue, 10 Jan 2023 16:27:00 +0530 Tue, 07 Apr 2026 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1891 Tax on income of newly set-up domestic manufacturing companies is available only to domestic companies engaged in manufacture or production, subject to conditions on incorporation, commencement of manufacturing, prescribed exercise of option, and compliance with statutory restrictions on business structure, plant and machinery, and permitted activities. Manufacturing income is taxable at 15%, non-manufacturing income and certain short-term capital gains at 22%, and deemed income at 30%, with surcharge and health and education cess added. Specified deductions are disallowed, related losses and unabsorbed depreciation cannot be set off, and the option once exercised cannot be withdrawn. Manuals Income Tax Tue, 10 Jan 2023 16:27:00 +0530 https://www.taxtmi.com/manuals?id=1891