Welcome to Monday Corner, an initiative from Tax Publishers…

Quiz for the week (12 May 2025) :

Goel (P) Ltd is engaged in manufacturing business and has income from business of Rs.580 lakhs before considering the following viz; (i) additional depreciation claim of Rs.10 lakhs; (ii) Brought forward business loss of Rs.30 lakhs (of assessment year 2024-25); (iii) section 80JJAA deduction of Rs.30 lakhs; and (iv) section 80M deduction of Rs.50 lakhs. Make a comparative study of section 115BA; section 115 BAA and section 115BAB to suggest an optimal tax planning idea.

Share your thoughts on the above on or before 19th May, 2025

Email your reply at quiz.taxpub@gmail.com

Answers :