Home > Income Tax Act 2025 > Section-204Last Updated: Feb 22nd 2025
Section-204 provides for an incentivized tax rate of 15% on the manufacturing income of new manufacturing co-operative societies subject to satisfaction of certain conditions. Learn to understand the section-204 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
Total income and rate of tax. | Conditions |
---|---|
A | B |
| Such co-operative society––
|
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.