Answers On Topic: old regime
Indian private limited company engaged in processing of food grains opted for old scheme in A.Y. 2022-23. The company has c/f unabsorbed depreciation. If the company opts for new tax regime during A.Y. 2023-24 whether c/f unabsorbed depreciation can be set off against business income of F.Y. 2022-23 (A.Y. 2023-24)?
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Can CBDT override the delegated legislation? Can notice be issued under Section 148 according to the old regime, despite the new regime?
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New tax regime in case of Indian Pvt. Ltd. company.