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
Tax Audit Applicability for F&O Traders – AY 2026-27 (FY 2025-26) A futures & options (F&O) trader is required to… Read More
Prevention of Sexual Harassment at the Workplace: Beyond Compliance Towards a Culture of Dignity and Respect Introduction The workplace has… Read More
Who Needs to Register with FIU-IND? The Financial Intelligence Unit-India (FIU-IND) is the government agency responsible for monitoring and preventing… Read More
Revision & Rectification Provisions under the Income-tax Act, 2025 vs the Income-tax Act, 1961 Understanding the Key Changes in Revision… Read More
DPDP Act, 2023: 7 Major Penalty Areas Every Business Should Know The Digital Personal Data Protection Act, 2023, marks a… Read More
Tax Audit Reporting Changes in Form 3CD for FY 2025-26 (AY 2026-27): What Auditors Need to Know The Income Tax… Read More