alleryStart learning →Which companies can opt for section 115BAA?
AForeign companies
BFirms and LLPs
CCo-operative bodies
DDomestic companies
Answer & Solution
Correct answer: D. Domestic companies
Section 115BAA is addressed to a person being a domestic company.
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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?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?A 115BA company that opts for 115BAA may do what with its 115BA option?