Insertion of new section 115BA - option to pay tax @25% instead ...

Domestic manufacturers can choose a 25% tax rate under new Section 115BA, starting from April 1, 2017.

March 1, 2016

Act Rules Bill

Insertion of new section 115BA - option to pay tax @25% instead of 30% - the income-tax payable in respect of the total income of a person being domestic company (in the business of manufacturing or production of any article or thing), 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 subject to conditions.

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Insertion of new section 115BA - option to pay tax @25% instead ...

Domestic manufacturers can choose a 25% tax rate under new Section 115BA, starting from April 1, 2017.

March 1, 2016

Act Rules Bill

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