Form 10-IC option under concessional corporate taxation continues for subsequent years without annual refiling requirements.

Form 10-IC option under concessional corporate taxation continues for subsequent years without annual refiling requirements. https://www.taxtmi.com/highlights?id=103044 Section 115BAA concessional taxation remains available in subsequent assessment years once a domestic company validly exercises the option through Form 10-IC. The option applies thereafter and cannot be withdrawn, so a fresh Form 10-IC is not required for each succeeding year. Denial of the concessional rate solely because no new form was filed for the relevant subsequent year is unsustainable. en-us Tue, 25 Aug 2026 08:34:03 +0530 Tue, 25 Aug 2026 08:34:04 +0530 TaxTMI RSS Generator Form 10-IC option under concessional corporate taxation continues for subsequent years without annual refiling requirements. https://www.taxtmi.com/highlights?id=103044 Section 115BAA concessional taxation remains available in subsequent assessment years once a domestic company validly exercises the option through Form 10-IC. The option applies thereafter and cannot be withdrawn, so a fresh Form 10-IC is not required for each succeeding year. Denial of the concessional rate solely because no new form was filed for the relevant subsequent year is unsustainable. Highlights Income Tax Tue, 25 Aug 2026 08:34:03 +0530 https://www.taxtmi.com/highlights?id=103044