Rainbow (P) Ltd. is engaged in manufacturing of pesticides was incorporated on 01.03.2020. It has opted for section 115BAB of the Income Tax Act, 1961. Its total income for the previous year 2022-23 was ₹12 crore. What i
CS Executive · Tax Laws · PYQS · June 2023
Rainbow (P) Ltd. is engaged in manufacturing of pesticides was incorporated on 01.03.2020. It has opted for section 115BAB of the Income Tax Act, 1961. Its total income for the previous year 2022-23 was ₹12 crore. What is the rate of surcharge applicable for the assessment year 2023-24?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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