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Section 115BAA

Latest Articles


Changes in Latest Income Tax Return (ITR) Forms for FY 2023-24

Income Tax : Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and...

March 26, 2024 9432 Views 0 comment Print

Period of limitation prescribed under Income-tax Act, 1961

Income Tax : The Income-tax Act has prescribed time limit in respect of various procedures, applications, etc. (like time limit for filing an a...

November 3, 2023 2175 Views 1 comment Print

Special Tax Regimes: Individuals, HUF, AOP, BOI, AJP, Companies & Co-operatives

Income Tax : Explore special tax regimes for companies, individuals, and co-operatives, including rates, conditions, and exemptions. Learn how ...

October 22, 2023 4980 Views 1 comment Print

Tax Rates for Domestic Companies: Section 115BA, 115BAA, 115BAB Explained

Income Tax : Decipher the tax landscape for domestic companies with a comprehensive breakdown of Sections 115BA, 115BAA, and 115BAB. Explore th...

July 31, 2023 14988 Views 2 comments Print

Detailed Analysis of New Tax Regime Section 115BAC, 115BAA, 115BAD F.Y. 2023-24 A.Y 2024-25

Income Tax : Explore the detailed analysis of the new tax regime under sections 115BAC, 115BAA, and 115BAD for F.Y. 2023-24 A.Y. 2024-25. Under...

April 21, 2023 26454 Views 0 comment Print


Latest News


Corporate Tax Collection & Revenue Impact of Reduction

Income Tax : Indian Government's recent data on corporate tax collection for the last five years and the revenue forgone due to the reduction o...

August 11, 2023 405 Views 0 comment Print

Request to CBDT to permit delayed filing of Form 10IC

Income Tax : Request to CBDT to permit filing of Form 10IC after expiration of  time limit by condoning delay Issuance of Order under Section ...

February 4, 2022 9519 Views 1 comment Print

Filing of form 10IC after filing of ITR but before due date of filing ITR

Income Tax : Representation with regard to application of old tax rates due to filing form 10IC after submitting ITR but before due date filing...

April 21, 2021 31431 Views 1 comment Print


Latest Judiciary


Belated filing of Form 10IC for availing lower tax regime: ITAT directs Verification

Income Tax : Explore the details of Traxit Engineers Pvt. Ltd. vs. Assessing Officer case at ITAT Mumbai, involving the dispute over concession...

January 31, 2024 771 Views 0 comment Print

Form 10IC: One-Time Filing for Concessional Tax Rate under Section 115BAA

Income Tax : Explore the ITAT Delhi's decision in Concentrix Daksh Services vs ACIT case. Understanding the applicability of concessional tax r...

October 25, 2023 1305 Views 0 comment Print

Deduction u/s 80G duly allowable even if expense is incurred for CSR

Income Tax : ITAT Mumbai held that the claim for deduction under section 80G of the Income Tax Act in respect of Corporate Social Responsibilit...

July 14, 2023 1728 Views 0 comment Print

Form 10–IC filing Mandatory to Claim Reduced Corporate Tax Rate benefit

Income Tax : Assessee did not file Form 10-IC before due date of filing return of income, i.e. 15/02/2021, which is mandatory condition for cla...

December 25, 2022 3102 Views 1 comment Print

ITAT allowed section 115BAA benefit as CIT(A) wrongly concluded that assessee not filed return of income

Income Tax : Ujjivan Small Finance Bank Vs ADIT (ITAT Bangalore) In this case The CIT(A) had denied the benefit of lower tax rate u/s 115BAA of...

September 28, 2022 2337 Views 0 comment Print


Latest Notifications


CBDT Grants Condonation for AY 2021-22 Form 10-IC Filing Until 31.01.2024

Income Tax : CBDT grants a filing extension for Form 10-IC related to AY 2021-22. Learn the conditions for this extension and the new deadline ...

October 23, 2023 12114 Views 4 comments Print

CBDT condones default in filing Form 10-IC

Income Tax : CBDT issues Income Tax Circular 06/2022 | Dated: 17th March, 2022 to condone the default in filing Form 10-IC to avail lower tax r...

March 17, 2022 27204 Views 4 comments Print

Forms for exercise of Lower Income Tax rate option for Companies released

Income Tax : CBDT notifies forms for exercising option u/s 115BAA and 115BAB – Notification No. 10/2020, dated 12-02-2020 Section 115BAA deal...

February 12, 2020 29526 Views 0 comment Print


Latest Posts in Section 115BAA

Changes in Latest Income Tax Return (ITR) Forms for FY 2023-24

March 26, 2024 9432 Views 0 comment Print

Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and more. Stay informed!

Belated filing of Form 10IC for availing lower tax regime: ITAT directs Verification

January 31, 2024 771 Views 0 comment Print

Explore the details of Traxit Engineers Pvt. Ltd. vs. Assessing Officer case at ITAT Mumbai, involving the dispute over concessional tax rates. ITAT directs verification of Form 10-IC for lower tax regime eligibility.

Period of limitation prescribed under Income-tax Act, 1961

November 3, 2023 2175 Views 1 comment Print

The Income-tax Act has prescribed time limit in respect of various procedures, applications, etc. (like time limit for filing an appeal to the Commissioner of Income-tax (Appeals), deposit of tax on distributed profits of domestic companies, filing return of income, filing belated return of income, etc.).

Form 10IC: One-Time Filing for Concessional Tax Rate under Section 115BAA

October 25, 2023 1305 Views 0 comment Print

Explore the ITAT Delhi’s decision in Concentrix Daksh Services vs ACIT case. Understanding the applicability of concessional tax rates and the misconceptions.

CBDT Grants Condonation for AY 2021-22 Form 10-IC Filing Until 31.01.2024

October 23, 2023 12114 Views 4 comments Print

CBDT grants a filing extension for Form 10-IC related to AY 2021-22. Learn the conditions for this extension and the new deadline in this update.

Special Tax Regimes: Individuals, HUF, AOP, BOI, AJP, Companies & Co-operatives

October 22, 2023 4980 Views 1 comment Print

Explore special tax regimes for companies, individuals, and co-operatives, including rates, conditions, and exemptions. Learn how to opt in or out of these regimes.

Corporate Tax Collection & Revenue Impact of Reduction

August 11, 2023 405 Views 0 comment Print

Indian Government’s recent data on corporate tax collection for the last five years and the revenue forgone due to the reduction of corporate tax. Learn about the impact of reducing the Corporate Surcharge and the government’s calculations regarding the revenue loss.

Tax Rates for Domestic Companies: Section 115BA, 115BAA, 115BAB Explained

July 31, 2023 14988 Views 2 comments Print

Decipher the tax landscape for domestic companies with a comprehensive breakdown of Sections 115BA, 115BAA, and 115BAB. Explore the nuances, conditions, and benefits under each section, offering insights into tax rates for domestic manufacturing companies. Stay informed, optimize tax planning, and navigate compliance effectively.

Deduction u/s 80G duly allowable even if expense is incurred for CSR

July 14, 2023 1728 Views 0 comment Print

ITAT Mumbai held that the claim for deduction under section 80G of the Income Tax Act in respect of Corporate Social Responsibility (CSR) expenses cannot be denied.

Detailed Analysis of New Tax Regime Section 115BAC, 115BAA, 115BAD F.Y. 2023-24 A.Y 2024-25

April 21, 2023 26454 Views 0 comment Print

Explore the detailed analysis of the new tax regime under sections 115BAC, 115BAA, and 115BAD for F.Y. 2023-24 A.Y. 2024-25. Understand the impact on taxpayers, key changes, and factors influencing the choice between old and new tax regimes. Stay informed to make well-informed decisions and comply with the latest tax regulations.

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