What is the tax rate applicable for the manufacturing companies incorporated in India on or after 1st October, 2019, where it opted for section 115BAB?

CS Executive · Tax Laws and Practice · PYQS · June 2021
What is the tax rate applicable for the manufacturing companies incorporated in India on or after 1st October, 2019, where it opted for section 115BAB?
(A) 22%
(B) 15%
(C) 25%
(D) 30%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic