https://www.taxtmi.com/acts?id=51734 Income-tax is payable at optional special rates for a resident co-operative society engaged in manufacture or production, if it is newly set up and registered, commenced production within the specified period, computes income in the prescribed manner, and satisfies the conditions in section 205(2). The option must be exercised by the due date for the first return, applies to later years, cannot be withdrawn, and becomes invalid if the conditions are later breached. en-us Thu, 14 Aug 2025 11:31:39 +0530 Sat, 04 Apr 2026 12:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51734 Income-tax is payable at optional special rates for a resident co-operative society engaged in manufacture or production, if it is newly set up and registered, commenced production within the specified period, computes income in the prescribed manner, and satisfies the conditions in section 205(2). The option must be exercised by the due date for the first return, applies to later years, cannot be withdrawn, and becomes invalid if the conditions are later breached. Act-Rules Income Tax Thu, 14 Aug 2025 11:31:39 +0530 https://www.taxtmi.com/acts?id=51734