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
Navigating Complex Taxation of Rental Income for Indian Landlords Rental income can be a significant source of revenue for property… Read More
Setting Up A Business With 100% Export Oriented Units (EOUs) along with FDI Foreign investors must first assess their entry… Read More
Important Points for Taxation of Share Transaction & Disclosing F&O Income The income from these transactions should be reported under… Read More
Overview on International Financial Services Centre in GIFT City An International Financial Services Centre (IFSC) is a jurisdiction that caters… Read More
Why you should file ITR even if your income is less than INR 2.5 Lakhs ? While it may not… Read More
Form No. 67 filling for availing Foreign Tax Credit is a directory nature & not Compulsory. In Matter of Ms.… Read More