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The CBDT said that after careful consideration, the authority has decided to condone delay in filing of Form 10-IC of the Income-Tax. This is on grounds of alleviating genuine hardships faced by domestic companies
The Central Board of Direct Taxes (CBDT) has granted an extension for filing Form 10-IC, which is required for domestic companies opting to pay tax at a concessional rate of 22%. This provision was introduced in the Income Tax Act from the financial year 2019-20. Eligible companies can now file Form 10-IC for the Assessment Year 2021-2022 by January 31, 2024, to avail the 22% tax benefit.
The Enforcement Directorate (ED) conducted search operations on Friday and Saturday at the premises of ex-Managing Director of Markfed, treasurer and office-bearers of Chhattisgarh Rice Millers Association, district Marketing Officers, and a ...
Section 90 of the IT Act prescribes tax relief under the Double Taxation Avoidance Agreement (DTAA). It ensures that no company or individual pays income tax twice while working in a foreign country or for a foreign company
What is angel tax for start-ups? What were the changes to angel tax rules in this year's budget? What has the CBDT said now?