Question

Under Section 115BA of the Income Tax Act, which of the

Q: Answer-Under Section 115BA of the Income Tax Act, which of the following conditions must be met for MSMEs t...

Section 115BA of the Income Tax Act reduces the tax rate to 25 for eligible domestic manufacturing companies, including MSMEs, with a turnover of up to 400 crore. This concession encourages growth in the manufacturing sector.

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%.

Practice Next

More Financial Management Questions

5/2 of 5/6 of 12/5 of 54 % of 5250 = ?
52% of 400 + √(?) = 60% of 600 - 25% of 400
18(1/3) + 9(2/3) – 10(1/3) = 1(2/3) + ?
24 × ?² – 11 × 4 = 1900
Calculate the value of this expression:

(180 - 90 ÷ 6 of 2) ÷ 5 + 3 of 16 ÷ 4 - 12 of 4 ÷ 8
(7²× 5²+ 1555 )/(79+60) = 2000 ÷ ?
Determine the value of ‘x’ if (7 × 256 – 525 ÷ 21) ÷ 28 = √2500 – x.
What will come in place of the question mark (?) in the following questions?

180÷3×2+6=?
(? × 3)² - 85 = 115 × 5 + 69

Under Section 115BA of the Income Tax Act, which of the

Solution