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# latefilingrelief

1 posts in `latefilingrelief` tag

Late Filing of Form 10IC Will Not Deny Lower Tax Rate: ITAT Ruling

Mumbai ITAT has ruled that late filing of Form 10IC should not prevent eligible taxpayers from availing the concessional corporate tax rate under Section 115BAA. The order states that filing Form 10IC is a procedural requirement and the intent to opt for the new tax regime is more important.