Part of: Section 115BA — Tax on income of certain domestic companies
(1) Notwithstanding anything contained in this Act but subject to the 3[other provisions of this Chapter ], the income -tax payable in respect of the total income of a person, being a domestic compa ny, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall, at the option of such person, be computed at the rate of twenty -five per cent, if the conditions contained in sub -section ( 2) are satisfied.