https://www.taxtmi.com/acts?id=41230 Section 115BAE permits new manufacturing co-operative societies to elect to compute income-tax at a fifteen percent concessional rate for assessment years commencing on or after 1 April 2024, subject to eligibility conditions (newly set up societies commencing manufacture within prescribed dates, no splitting/reconstruction, restrictions on previously used machinery), exclusion of certain activities, disallowance of specified deductions and incentives, restrictions on set off of related losses or depreciation, prescribed depreciation treatment, Assessing Officer adjustments for non arm's length arrangements, and an irrevocable option exercised by the prescribed filing date. en-us Wed, 01 Feb 2023 15:57:40 +0530 Sat, 04 Feb 2023 11:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41230 Section 115BAE permits new manufacturing co-operative societies to elect to compute income-tax at a fifteen percent concessional rate for assessment years commencing on or after 1 April 2024, subject to eligibility conditions (newly set up societies commencing manufacture within prescribed dates, no splitting/reconstruction, restrictions on previously used machinery), exclusion of certain activities, disallowance of specified deductions and incentives, restrictions on set off of related losses or depreciation, prescribed depreciation treatment, Assessing Officer adjustments for non arm's length arrangements, and an irrevocable option exercised by the prescribed filing date. Act-Rules Bill Wed, 01 Feb 2023 15:57:40 +0530 https://www.taxtmi.com/acts?id=41230