File form 10ic
Web8. What is the purpose of filing Form 10-IC? As per Section 115BAA of the Income Tax Act, Domestic Companies have the option to pay tax at a concessional rate of 22% (plus applicable surcharge and cess) provided they do not avail specified deductions and … WebApr 21, 2024 · Link for the circular 6/2024 is: [Breaking news] CBDT has allowed Condonation in filing of Form 10-IC for section 115BAA for Assessment Year 2024-21 – Taxontips. Although condonation was announced however people had still not received the facility on e-filing portal for submitting their Form 10-IC, but now Income tax department …
File form 10ic
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WebNov 25, 2024 · The tribunal observed that the time permitted for filing Form 10-IC by virtue of Section 3(1)(b) of the Taxation and Other Laws (Relaxations and Amendment of Certain Provisions) Act, 2024, must be ... WebSep 7, 2024 · Thus, to show the government that one has opted for the new section they will have to submit their option by filing a Form which would be Form 10 – IC and 10 – ID …
WebMar 14, 2024 · The domestic companies should file Form 10-IC to exercise the option as per Section 115BAA of the Income Tax Act. By filing Form 10-IC, the domestic … WebFeb 9, 2024 · Form 10IC has to be filed by all Indian companies under section 115BAA of the #IncomeTaxAct eligible for adopting a new corporate tax rate. To get in touch w...
WebMar 18, 2024 · The CBDT issued a circular on Thursday regarding condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in the filing of Form 10-IC for Assessment Year 2024-21. Form 10-IC is required to filed only if a Domestic Company chooses to pay tax at concessional rate of 22% under Section 115BAA of the Income … WebJan 20, 2024 · Such being the case, it is possible to contend that the assessee can exercise option under section 115BA by filing Form 10IB and stating the same in the return of income. The fact that it has already filed Form 10IC should not be an issue as no claim is made in the return under section 115BAA. Department might raise an issue.
WebMar 23, 2024 · Finally, a big relief to the domestic companies who opted for concessional rate of tax at 22% for AY 2024- 21 but could not file/forgot to file Form 10- IC on or …
WebFeb 26, 2024 · All the companies that are incorporated and operating in India and paying the corporate tax under section 115BAB of the Income Tax Act are eligible for the filing of Form 10 IC. The tax rate as amended by the government is 22% that earlier was 30%. The current rate is inclusive of the entire cess and surcharges that are levied, hence, the ... macbook pro backgrounds pinkWebMar 18, 2024 · Representations have been received by the Board stating that Form 10-IC could not be filed along with the return of income for AY 2024-21, which was the first … macbook pro background turns blueWebOct 29, 2024 · What is Form No. 10-IC? Referring to Rule 21AE of the Income Tax Rules, the benefit of concessional tax rate u/s 115BAA can be taken only after furnishing Form No. 10-IC. By filing Form 10-IC, the … macbook pro backgrounds 13 inWebNote: This option form should be signed by the principal officer.] Title: FORM NO 10-IC.tx Author: User Created Date: 9/26/2024 5:01:58 PM ... macbook pro backlight 13 silverWebFeb 25, 2024 · For all the manufacturing units that are incorporated after 1st October, 2024 and are willing to adopt the new tax rates needs to file Form 10 ID. The new tax rate is … kitchen god. chineseWebMar 5, 2024 · Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click e-File > Income tax forms > File Income Tax Forms. Step 3:On the File Income Tax Forms page, select Form 10-IC. Alternatively, enter Form 10-IC in the search box to file the form. Step 4: On the Form 10-IC page, select the relevant … kitchen god chinaWebTable 4-1. Calendar To Determine the Number of Days a Payment Is Late. Instructions. Use this table with Form 2210 if you’re completing Part III, Section B. First, find the number … kitchen goddess and the assassin