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Circular No. 19 of 2023
Circular Date: 23rd October 2023
Applicable Date: 23rd October 2023
Relevant Act / Rule: Income Tax 1961
Relevant Section / Rule: Section 115BAA
Companies opting for concessional tax rate of 22% under section 115BAA of Income Tax Act 1961 have to file Form 10-IC on or before the due date specified under sub-section (1) of Section 139 for furnishing the returns of the income for the previous year to avail the benefit.
Through Circular No. 19/2023, Government of India has condoned the delay in filing of Form No. 10-IC as per Rule 21AE for previous year relevant to A.Y. 2021-22.
The delay in filing of Form No. 10-IC for previous year relevant to A.Y. 2021-22 is condoned in cases where the following conditions are satisfied:
Link to the Income Tax Circular: https://incometaxindia.gov.in/communications/circular/circular-no-19-2023.pdf
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