CBDT Notifies Rule 21AHA And Form 10-IFA For New Manufacturing Co-Operative Societies To Opt For 15% Concessional Tax Rate

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Twenty-Third Amendment) Rules, 2023.The new rule 21AHA is in respect of the Exercise of option under section 115BAE(5). The option to be exercised in accordance with the provisions of sub-section (5) of section 115BAE by a person, being a cooperative society resident in India, for any previous year relevant to the...