Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
Valid exercise of the concessional corporate tax option through...
Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are established.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Valid exercise of the concessional corporate tax option through Form No. 10-IC under section 115BAA continues to apply in subsequent assessment years. Filing the prescribed form, disclosing the option in the relevant return, and prior departmental acceptance support the continuing availability of the concessional rate. Computation at the normal rate during return processing or failure to submit supporting records at the first appellate stage does not negate substantive eligibility where statutory compliance is otherwise established.
Valid exercise of the concessional corporate tax option through Form No. 10-IC under section 115BAA continues to apply in subsequent assessment years. Filing the prescribed form, disclosing the option in the relevant return, and prior departmental acceptance support the continuing availability of the concessional rate. Computation at the normal rate during return processing or failure to submit supporting records at the first appellate stage does not negate substantive eligibility where statutory compliance is otherwise established.
Note: It is a system-generated summary and is for quick reference only.