Sec.115BAB applicability for newly open company
Sajjad Pulikkal (41 Points)
06 June 2024
Sir, my Private limited company incorporated in FY.2024-25. Can I opt 115BAB now?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194566 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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