Sec.115BAB applicability for newly open company

06 June 2024

Sir, my Private limited company incorporated in FY.2024-25. Can I opt 115BAB now?

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2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195421 Points)
Replied 07 June 2024

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

CA Anoop Kumar Sharma (Accounts Manager) (2070 Points)
Replied 07 June 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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