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Section 115BAB (Lower rate of Income Tax @ 15%)

This query is : Resolved 
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(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
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Mantu Agarwal

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Mantu Agarwal (Querist)
11 July 2020 Can anyone respond please.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
19 December 2021 Not eligible. Start up should be totally new.
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