I have a new manufacturing business constituted as a partnership firm. Manufacturing commenced in Feb 2023. Now I have to convert my form into pvt Ltd company to take the benefit of sec 115BAB. Can I do so as the due date for filing return has lapsed?
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Query regarding 115BAB
Replies (4)
What type of Business ?.( Manufacturing of what ?) because some business are not eligible for benefits of section 115 BAB of the income tax Act.
Please read carefully. I have mentioned manufacturing in my query. Thanks for your reply.
Have you filled income tax return as partnership firm for F.Y 22-23 , A.Y 23-24 ?.
No, I have not filed the return for the firm for FY 22-23 yet.
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