Corporate Tax Planning under Section 115BAA: Deductions and MAT Provisions

Author: CA Saket Mahajan, Chartered Accountant (ICAI) | Practice Area: Direct Corporate Taxation | Technical Review: Income Tax Act, 1961 The introduction of Section 115BAA into the Income Tax Act, 1961 fundamentally transformed corporate taxation in India by offering domestic companies a concessional basic tax rate of 22%. When combined with the mandatory 10% surcharge […]