Finance minister slashed basic corporate tax rate to 22% stating that no exemption can be availed.My question is weather exemption means deductions as well.kindly clarify.
regards
Have not availed any deduction / exemption under -----
1. Additional allowance on scientific research,
2. Section 32AD, 32AB, 35CCC, 35CCD
3. Additional Depreciation of Plant & Machinery
4. Chapter VI-A (Except Section 80JJAA i.e. employment increase)
5. Setoff of loss carried forward from earlier assessment years, if loss is attributable to point (i) to (iii) above.
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