XYZ Pvt. Ltd. a manufacturing company incorporated in India on 1st June, 2021. During the financial year 2021-22, it earned income from business of ₹20 lakh. The company wants to opt the benefit u/s 115BAB. The tax rate
CS Executive · Tax Laws · PYQS · December 2022
XYZ Pvt. Ltd. a manufacturing company incorporated in India on 1st June, 2021. During the financial year 2021-22, it earned income from business of ₹20 lakh. The company wants to opt the benefit u/s 115BAB. The tax rate of XYZ Ltd. for the assessment year 2022-23 shall be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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