Day: October 19, 2023

Source:Income taxIntro:Section 115BA is first introduced in the Finance Act, of 2016.Purpose is to reduce corporate-taxes of various domestic companies in India that are dealing with manufacturing process.After satisfying required conditions.Conditions to be satisfied:a. set-up & registered on or after 01/03/2016b. should engage in business of manufacture or production of i. any article ii. thing…

Full Form: PAN – Permanent Account Number10 digit unique alpha numeric id Introduction The idea of PAN(Permanent Account Number) was first introduced in 1972.It was made mandatory under SECTION 139A in 1976. It is issued on a laminated card, also called as PAN CARD, by the Income Tax Department. What is PAN ? PAN format:Typical…