Sec.115BAB applicability for newly open company

Sir, my Private limited company incorporated in FY.2024-25. Can I opt 115BAB now?
Replies (2)
Quick Summary
This discussion clarifies the eligibility for Section 115BAB, a tax provision for new companies. To opt for this section, your private limited company must have commenced manufacturing operations on or before March 31, 2024. Incorporation after October 1, 2019, is also a prerequisite, but the key is the timely start of production.

No. You should have commenced manufacturing on or before 31 March 2024.

No, The business must be established and registered on or after October 1, 2019, and it must start producing goods on or before March 31, 2024.

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