115 BAA regime
This query is : Resolved
Chahat Khanna
(Querist)
17 June 2024
Resolved and deleted.
CA R SEETHARAMAN
(Expert)
18 June 2024
Once a company has opted for section 115BAA, it cannot claim any other deductions or exemptions under the Income Tax Act. This means that the company cannot claim deductions under sections such as 80C, 80D, and 80G. The only deductions that are allowed are those specified in section 115BAA itself.
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