WebJan 27, 2024 · It appears that the writ-applicant filed his return of income for the A.Y. 2024-2024 invoking the provisions of Section 115BAA of the Income Tax Act,1961 (for short "the Act 1961) but in the absence of the Form 10- IC which the … 3.1. Purpose Application for exercise of option under sub-section (5) of Section 115BAA for paying taxes at a concessional rate is to made in Form 10-IC. As per Section 115BAA of the Income Tax Act, 1961, domestic companies can exercise the option to pay tax at a concessional tax rate of 22% (plus … See more 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 … See more You can fill and submit Form 10-IC through the following method: 1. Online method - through the e-Filing portal Follow the below steps to fill and submit Form 10-IC through online mode. … See more Form 10-IC has 4 sections: 1. Assessing Officer 2. Basic Information 3. Additional Information 4. Verification 4.1. Details of Assessing Officer The first section of the form entails details of your Assessing Officer. You are only … See more
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WebOct 29, 2024 · 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 Tax Act,1961. 2. How can I file the Form 10-IC? You can file Form 10-IC only in online mode after logging into the e-Filing portal. 3. Do I need to file the form again for the next assessment year? No. WebDec 27, 2024 · form 10IC: Category: Income-Tax: Querist: seetharaman: Answered by: Advocate Shashi Ashok Bekal: Tags: Concessional rate, form 10IC: Date: December 27, 2024 ... even when time permitted for filing of income tax return under section 139(1) of the Act, in light of third proviso to section 3(1) of TLA and read with subsequent notification, was ... income tax benefits for nps
Format, How to Submit Income Tax Form 10-IC & FAQ - ClearTax
WebMar 3, 2024 · Form 10-IC could have been required to be submitted at the time of filing of return for companies opting for Simplified Tax Regime, by a pop up or additional pages in ITR or should not be allowed to proceed unless details of submission of form are furnished. WebMar 5, 2024 · Online method – through the e-Filing portal Follow the below steps to fill and submit Form 10-IC through online mode. 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. WebJan 24, 2024 · FAQs On Form 10IC FAQ 1: While filing Form 10IC, I had selected “Yes” for “Whether option under sub-section (4) of section 115BA has been exercised in Form 10-IB?” Even then, the pre-filled “Previous Year” and “Date … income tax benefits in nps