Section 115BAB (Lower rate of Income Tax @ 15%)
This query is : Resolved
Quick Summary
Mantu Agarwal
(Querist)
09 July 2020
Dear Expert,
We have formed a company ABC Ltd post in Dec-2019.
We have another company xyz Ltd formed in 2015.
In XYZ Ltd we had taken a land to set up factory and imported some machines from Germany but business is yet commenced.
Now we wish to merge xyz Ltd into ABC Ltd in order to get lower income tax benefit u/s 115BAB.
Please suggest your view.
Thanks & Regards,
M K Agarwal
We have formed a company ABC Ltd post in Dec-2019.
We have another company xyz Ltd formed in 2015.
In XYZ Ltd we had taken a land to set up factory and imported some machines from Germany but business is yet commenced.
Now we wish to merge xyz Ltd into ABC Ltd in order to get lower income tax benefit u/s 115BAB.
Please suggest your view.
Thanks & Regards,
M K Agarwal
Mantu Agarwal
(Querist)
11 July 2020
Can anyone respond please.
Dhirajlal Rambhia
(Expert)
19 December 2021
Not eligible. Start up should be totally new.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- GSTR9 Annual Return
- Ito add credit side of bank
- Rent agreement of House of deceased person
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation error
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Import of Capital Machine
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
