Tax on income of new manufacturing domestic companies.

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..... eing a domestic company, specified in column B of the Table below, shall, at the option of such assessee, be computed at the rates specified in column C, if the conditions contained in column D thereof are fulfilled. Table Sl.No. Assessee Total income and rate of tax Conditions A B C D 1. A domestic company engaged in business of manufacture or production of any article or thing. (a) 1 .....

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..... tion of an article or thing on or before the 31st March, 2024; (d) the total income of which is computed as per the provisions of sub-section (3); and (e) fulfils all the conditions provided in sub-section (5) of this section and section 205(2) (2) The option under this section shall be exercised by the assessee in the manner prescribed subject to the following conditions:-- (a) it shall be e .....

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..... thout any deduction under- (i) sections 45(2)(c) and 47(1)(b); (ii) Chapter VIII other than sections 146 and 148; or (iii) section 205(1)(a) to (g); (b) without set off of any loss or allowance for unabsorbed depreciation deemed so under section 116(1), if such loss or depreciation is attributable to any of the deductions referred to in clause (a). (4) While computing the income of the as .....

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