Tax on income of certain manufacturing domestic companies.

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Full Text of the Document

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....t of the total income of a person, being a domestic company, for any tax year, shall, at the option of such person, be computed at the rate of 25% subject to the following conditions:-- (a) the company has been set-up and registered on or after the 1st March, 2016; (b) the company is not engaged in any business other than the business of manufacture or production of any article or thing and re....