Tax on income of certain manufacturing domestic companies

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....15BAA and section 115BAB], the income-tax payable in respect of the total income of a person, being a domestic company, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall, at the option of such person, be computed at the rate of twenty-five per cent., if the conditions contained in sub-section (2) are satisfied. (2) For the purposes of su....

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....CCC or section 35CCD or under any provisions of Chapter VI-A under the heading "C.-Deductions in respect of certain incomes" other than the provisions of section 80JJAA; (ii) without set off of any loss carried forward from any earlier assessment year if such loss is attributable to any of the deductions referred to in sub-clause (i); and (iii) depreciation under section 32, other than clause ....

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....r that where the person exercises option under section 115BAA, the option under this section may be withdrawn.]     ****************** NOTES:- 1. Inserted vide Section 51 of the Finance Act 2016 w.e.f. 01-04-2017 2. Substituted vide Section 35 of the Finance Act 2018 w.e.f. 01-04-2017 before it was read as, "provisions of section 111A and section 112" 3. Su....