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
All about Pre-Packaged Insolvency Resolution Process The Pre-Packaged Insolvency Resolution Process is a fast-track insolvency resolution mechanism under the IBC… Read More
Moratorium and Bankruptcy Application under Individual Insolvency Proceedings in IBC, 2016 IBC provides a structured framework for resolving the insolvency… Read More
Replacement of IRP/RP under IBC, 2016 – Complete Practical Guide for Professionals The Insolvency and Bankruptcy Code, 2016 (IBC) provides… Read More
GST on Online Gaming: Supreme Court Settles the Tax Dispute Honorable Supreme Court of India, in a landmark decision dated… Read More
New Income Tax Compliance & Reporting ITR-1 filling expansion if LTCG Reporting up to INR 1.25 Lakh : A significant… Read More
Capital Gains Tax Filing Checklist for FY 2025–26 What is a capital gain? Capital gain arises when you sell an… Read More