Section 115BAB

Query for All the professional...
Any sole proprietorship firm engaged in manufacturing of handicraft goods can avail the benifit of Sec 115BAB regarding new tax rate of 15%.. Means can it be converted to form a new company.?
Replies (1)
Upon such type conversion Section 115BAB is not applicable.
Bcoz of the 11 conditions laid down in 115BAB

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