https://www.taxtmi.com/acts?id=49300 Establishes a tax credit for companies paying tax under the deemed-income regime equal to the difference between that tax and tax on total income under ordinary provisions; no interest on the credit. The credit is carried forward for set off for up to five succeeding assessment years, allowed in years when tax is payable under ordinary provisions and limited each year to the difference between ordinary-tax liability and the deemed-income tax; credit is adjusted to reflect assessment or revision orders. en-us Tue, 18 Feb 2025 15:42:27 +0530 Tue, 18 Feb 2025 15:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49300 Establishes a tax credit for companies paying tax under the deemed-income regime equal to the difference between that tax and tax on total income under ordinary provisions; no interest on the credit. The credit is carried forward for set off for up to five succeeding assessment years, allowed in years when tax is payable under ordinary provisions and limited each year to the difference between ordinary-tax liability and the deemed-income tax; credit is adjusted to reflect assessment or revision orders. Act-Rules F. Acts / Amendment Acts Tue, 18 Feb 2025 15:42:27 +0530 https://www.taxtmi.com/acts?id=49300