alleryStart learning →Which fact disqualifies a company from the 115BAB rate?
ABusiness split from an old one
BSelling its own products
CDoing research on its goods
DBeing a domestic company
Answer & Solution
Correct answer: A. Business split from an old one
The business must not be formed by splitting up or reconstruction of a business already in existence.
Keep practising Special Tax Regimes for Companies
Browse all Special Tax Regimes for Companies questions for CA Final, or explore more Taxation topics.
Related questions
What do tax havens do, in the context of tax avoidance?Bilateral double taxation treaties aim to avoid what outcome?A General Anti-Avoidance Rule is aimed at which behaviour?Tax avoidance differs from tax evasion in that avoidance is what?Which companies can opt for section 115BAA?From which assessment year does section 115BAA apply?Under 115BAA, how is loss from barred deductions treated later?What depreciation can a 115BAA company not claim under section 32?