Condonation of delay in filing Form 10-IC for AY 20-21
Condonation of delay in filing Form 10-IC for Assessment Year 2020-21 for concessional rate of tax at 22%
Finally, a big relief to the domestic companies who opted for concessional rate of tax at 22% for AY 2020- 21 but could not file/forgot to file Form 10- IC on or before the due date of filing the return of income.
CBDT vide Circular No. 6/ 2022 on March 17, 2022 condoned the delay under Section 119(2)(b) of the Income Tax Act, 1961 in filing of Form 10- IC for AY 2020- 21.