S.115BAA and Form 10- IC – relaxation to file Form 10-IC recent circular must apply to all years and not only AY 2021-22 in fact it can be said that the filing of Form 10 IC is superficial because ITR form itself provide for exercise of option and that option creates a substantive right.

S.115BAA and Form 10- IC – relaxation to file Form 10-IC recent circular must apply to all years and not only AY 2021-22 in fact it can be said that the filing of Form 10 IC is superficial because ITR form itself provide for exercise of option and that option creates a substantive right. https://www.taxtmi.com/article/detailed?id=12054 The concessional corporate tax regime is activated by exercise of the option in ITR-6, which creates a substantive right; Form Ten IC is procedural and delays in its filing due to technical difficulties have been condoned by circulars, supporting a broader application of relief to all relevant years and a need for clarification or dispensation of the separate form requirement. en-us Tue, 21 Nov 2023 10:08:21 +0530 Tue, 21 Nov 2023 10:08:21 +0530 TaxTMI RSS Generator S.115BAA and Form 10- IC – relaxation to file Form 10-IC recent circular must apply to all years and not only AY 2021-22 in fact it can be said that the filing of Form 10 IC is superficial because ITR form itself provide for exercise of option and that option creates a substantive right. https://www.taxtmi.com/article/detailed?id=12054 The concessional corporate tax regime is activated by exercise of the option in ITR-6, which creates a substantive right; Form Ten IC is procedural and delays in its filing due to technical difficulties have been condoned by circulars, supporting a broader application of relief to all relevant years and a need for clarification or dispensation of the separate form requirement. Articles Income Tax Tue, 21 Nov 2023 10:08:21 +0530 https://www.taxtmi.com/article/detailed?id=12054