https://www.taxtmi.com/article/detailed?id=14904 Concessional 15% tax for new domestic manufacturing companies under Section 115BAB is conditional on incorporation and commencement within prescribed dates, prohibition on business splitting or prior use of plant beyond permitted limits, exclusion of specified non manufacturing activities, and restriction from claiming enumerated deductions or loss set offs; depreciation must be claimed in the prescribed manner. The option to adopt the concessional regime must be filed in the prescribed form within the statutory timeline for the first return, and late filing has been treated as non compliance leading to denial of the concession. en-us Thu, 31 Jul 2025 07:01:44 +0530 Thu, 31 Jul 2025 07:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14904 Concessional 15% tax for new domestic manufacturing companies under Section 115BAB is conditional on incorporation and commencement within prescribed dates, prohibition on business splitting or prior use of plant beyond permitted limits, exclusion of specified non manufacturing activities, and restriction from claiming enumerated deductions or loss set offs; depreciation must be claimed in the prescribed manner. The option to adopt the concessional regime must be filed in the prescribed form within the statutory timeline for the first return, and late filing has been treated as non compliance leading to denial of the concession. Articles Income Tax Thu, 31 Jul 2025 07:01:44 +0530 https://www.taxtmi.com/article/detailed?id=14904