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.
Condonation of delay in filing Form 10-IC for AY 20-21
TDS & TCS Changes (Effective from 1 April 2026): Budget 2026 The Indian Financial Budget 2026 introduces a major overhaul… Read More
What is a Digital Signature Certificate (DSC)? A Digital Signature Certificate (DSC) is an electronic form of identity proof, similar… Read More
Comparison Matrix: Stock Transfer vs. Branch Transfer under GST A Technical Analysis for Multi-Registration Businesses GST fundamentally changed the tax… Read More
Comprehensive Summary of Refunds Under GST The GST refund mechanism is designed to ensure timely release of blocked working capital,… Read More
Companies Compliance Facilitation Scheme, 2026 (CCFS‑2026) Issued via MCA General Circular No. 01/2026 dated 24 February 2026. The Ministry of… Read More
Income Tax Forms under the New Income Tax Act, 2025, will Be Renumbered from 1 April 2026 Under the new… Read More