Circular Condonation of delay under section 119 (2) (b) of the Income-tax, Act 1961 in filing of form 10-IC for Assessment Year 2020-21 (dated – 17.03.2022) – CBDT.
View PdfCircular Condonation of delay under section 119 (2) (b) of the Income-tax, Act 1961 in filing of form 10-IC for Assessment Year 2020-21 (dated – 17.03.2022) – CBDT.
- The delay in filing of Form 10-IC as per Rule 21AE of the Rules for the previous year relevant to AY 2020-21 is condoned in cases where the following conditions are satisfied:
- The return of income for AY 2020-21 has been filed on or before the due date specified under section 139(1) of the Act;
- The assessee company has opted for taxation u/s 115BAA of the Act in (e) of “Filing Status” in ” Part A-GEN” of the Form of Return of Income ITR-6 and
- Form 10-IC is filed electronically on or before 30.06.2022 or 3 months from the end of the month in which this Circular is issued, whichever is later, refer attachment for further details.
