Question

Under Section 115BA of the Income Tax Act, which of the following conditions must be met for MSMEs to benefit from a reduced tax rate of 25%?

A The company must have a turnover of up to ₹100 crore.
B The company must be engaged in a non-manufacturing business
C The company must be a public sector enterprise
D The company must have a turnover of up to ₹400 crore
E The company must have a foreign ownership of at least 51%.
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