QUERY SEC 115BAB

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54 Points Posted on 28 November 2023
An assessee opens a Pvt Ltd co in the month of December
The new company will purchase material in its own name and send it to job worker for further processing
After receipt of goods from job worker, the new company will sell goods i.e. garments to the market.
Can this new company claim sec 115BAB
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On 28 November 2023 at 11:07 Report
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Quick Summary
This discussion explores whether a newly established private limited company, which purchases materials, sends them for processing to a job worker, and then sells the finished garments, is eligible for the concessional tax rate under Section 115BAB. The core question is about qualifying for the lower tax rate, not claiming a specific exemption.

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28271 Points Posted on 28 November 2023
What exemption you want to claim???
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On 28 November 2023 at 11:39
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54 Points Posted on 28 November 2023
There is no exemption to be claimed. I wanted to know whether the assesee would be eligible for lower tax rate as stated u/s115BAB
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On 28 November 2023 at 15:32

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