Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
The delay in filing of Form No. 10-IC as per Rule 21AE of the Rules for previous year relevant to ...
Saturday, December 14, 2024
Tag: section 115BAA
Notices u/s 119(2)(b) being issued to companies for AY 2020-21. But Why?
In relation to the above delay in filing Form 10-IC, many companies had filed Form 10-IC under condonation and has ...
Form 10-IC now enabled for AY 2020-21 as per condonation under circular 6 of 2022
The two conditions required while filing Form 10-IC for AY 2020-21 are as under: The return for AY 2020-21 for ...
Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
To resolve the issue Income Tax department should take an initiative, issue a circular, reprocess all the returns and provide ...
[Breaking news] CBDT has allowed Condonation in filing of Form 10-IC for section 115BAA for Assessment Year 2020-21
Hence, the extended due date for filing Form 10-IC is 30.06.2022, however it is important to note that as of ...
Form 10-IC not filed in AY 2020-21 before filing of Income tax return by companies and demand raised in intimation order
Further, it has been seen that in case where companies had opted for lower tax rate under section 115BAA, then ...
Form 10-IC needs to be filed every-year for taking benefit of lower tax rate in case of companies under section 115BAA?
3. Do I need to file the form again for the next assessment year? No. If you have opted for ...
Forms 10-IC, 10-ID now available on e-filing website | What is Form 10-IC, 10-ID? Link with 115BAA and 115BAB
Our Finance Minister in September 2019 had announced concessional tax rate for domestic companies at effective tax rate of 25.17% ...
Forms notified for exercising option u/s 115BAA and 115BAB
CBDT had vide notification dated 12.02.2020 notified 2 forms, Form no. 10-IC and 10-ID for section 115BAA and 115BAB respectively. ...
Things to keep in mind before shifting to 22% tax rate u/s 115BAA of the Income tax act:
An ordinance was passed by our Finance Minister on the 20th September 2019, where she announced two new corporate tax rates ...
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