QUERY SEC 115BAB

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
Replies (2)
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.

What exemption you want to claim???
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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