https://www.taxtmi.com/article/detailed?id=11971 A concessional tax regime for new manufacturing cooperative societies permits an elective concessional rate subject to conditions: disallowance of specified deductions and related loss set offs, prescribed depreciation treatment, deeming of prior losses as given full effect, irrevocable option exercised by prescribed due date, separate higher tax treatment for non manufacturing income and excess profits from related party arrangements with arm's length determination, specific treatment for previously used machinery within a value threshold, and electronic filing of Form No.10 IFA under Rule 21AHA to affirm compliance. en-us Wed, 18 Oct 2023 07:45:53 +0530 Wed, 18 Oct 2023 07:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11971 A concessional tax regime for new manufacturing cooperative societies permits an elective concessional rate subject to conditions: disallowance of specified deductions and related loss set offs, prescribed depreciation treatment, deeming of prior losses as given full effect, irrevocable option exercised by prescribed due date, separate higher tax treatment for non manufacturing income and excess profits from related party arrangements with arm's length determination, specific treatment for previously used machinery within a value threshold, and electronic filing of Form No.10 IFA under Rule 21AHA to affirm compliance. Articles Income Tax Wed, 18 Oct 2023 07:45:53 +0530 https://www.taxtmi.com/article/detailed?id=11971