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Income Tax Condones Delay in filing Form 10IC for AY 2021-22
Central board of Direct taxes (CBDT) condones the delay in filing of Form 10IC for AY 2021-22 vide circular 19/2023.
Form 10IC is required to be filed by a domestic company who chooses to pay tax at concessional rate of 22% u/s 115BAA of Income Tax Act 1961
Conditions required to be satisfied for condonation of delay are as follows
- The Income tax return is required to be filed on or before the due date.
- The company has opted for taxation u/s 115BBA of the act in filing status in Part A- GEN in ITR 6
- Form 10IC is required to be filed on or before 31st January 2024
Source(s): incometaxindia.gov.in
Through CBDT Circular # 23/2023 dated 24th oct 2023. More @ https://incometaxindia.gov.in/communications/circular/circular-no-19-2023.pdf
