Taxontips
No Result
View All Result
Sunday, May 28, 2023
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

Forms notified for exercising option u/s 115BAA and 115BAB

Notification 10/2020

Income tax Expert by Income tax Expert
February 17, 2020 - Updated on February 23, 2020
in Income Tax News
6
Tax rate of domestic companies slashed/ reduced to 15% and 22% – What’s the truth? – A Summary
184
SHARES
2.3k
VIEWS
image_pdfPDFimage_printPrint

CBDT had vide notification dated 12.02.2020 notified 2 forms, Form no. 10-IC and 10-ID for section 115BAA and 115BAB respectively.

These forms needs to submitted electronically under digital signature or electronic verification code.

The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), shall – specify the procedure for filing of Form No. 10-IC/ ID, specify the data structure, standards and manner of generation of electronic verification code, referred to in sub-rule (2), for verification of the person furnishing the said Form and be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the Form so furnished.

Such form needs to be signed and filled by a proper officer of a company on behalf of the company.

He needs to accept all the conditions as mentioned in the Form below and will also accept that once such option is exercised it cannot be taken back.

notification_10_2020

You can download the notification HERE.

If you need assistance you can ask a question to our expert and get the answer within an hour or post a comment about your views on the post and also subscribe to our newsletter for latest weekly updates.

image_pdfPDFimage_printPrint
Tags: section 115BAASection 115BAB
Previous Post

TCS on foreign travel

Next Post

GSTR 9/ 9C now available for F.Y. 2018-19

Related Posts

Amendment in provisions relating to taxability of income of trust by Finance Act, 2021
Income Tax News

Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act

May 26, 2023
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-
Income Tax News

Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]

May 23, 2023
Income Tax News

CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities

May 20, 2023
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately
Income Tax News

International payments through credit card will now attract 20% TCS under Income tax

May 19, 2023
ITR 1 and 4 utility are now available for FY 2020-21 i.e. AY 2021-22 | File ITR with experts on Taxontips
Income Tax News

ITR 4 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips

April 27, 2023 - Updated on May 12, 2023
IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately
Income Tax News

Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes

April 26, 2023
Next Post
Further clarification by CBIC for claiming 20% ITC on invoices not available in GSTR – 2A. Circular 123/42/2019 – GST

GSTR 9/ 9C now available for F.Y. 2018-19

Comments 6

  1. Mahesh says:
    2 years ago

    Hi

    While filling the form 10IC automatically designation of principle officer is coming as liquidator and also it is not editable

    Can you suggest

    Reply
    • ADMIN says:
      2 years ago

      Please check the Principle contact tab in profile tab of E filing.

      Regards,
      Team Taxontips.com

      Reply
  2. Pingback: ITR 6 now available on e filing website | What are the latest changes in ITR 6? - Taxontips
  3. Pingback: Forms 10-IC, 10-ID now available on e-filing website | What is Form 10-IC, 10-ID? Link with 115BAA and 115BAB - Taxontips
  4. Pingback: Will Capital gain be taxed at 22% and 15% for companies opting for 115BAA and 115BAB respectively - Taxontips
  5. Pingback: New ITR 1 to 7 for AY 2020-21 notified by CBDT - Detailed analysis of important amendments - Taxontips

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
  • Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
  • GUIDELINES FOR SPECIAL ALL-INDIA DRIVE UNDER GST
  • Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]
  • Do you need to panic if you have Rs. 2000 note with you?

Recent Comments

  • Notification under PMLA by Ministry of Finance which could affect CA, CS and CMA - Taxontips on CA, CS and CMA now under PMLA. KYC of clients required
  • ADMIN on My Resolved Question
  • ADMIN on My First Question
  • ADMIN on My First Question
  • proxies shared on How to make correction in Income Tax Challan paid?

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Apr    

Recent Notification

Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore

Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]

May 27, 2023
Amendment in provisions relating to taxability of income of trust by Finance Act, 2021

Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act

May 26, 2023

RSS Taxontips

  • Instructions for conducting scrutiny of returns for FY 2019-20 onwards under GST [Read instructions]
  • Extension in time limit for filing Form 10A, 10AB, 10BD, 10 etc. in relation to trust under Income tax act
  • GUIDELINES FOR SPECIAL ALL-INDIA DRIVE UNDER GST
  • Government issues guidelines to calculate net winning for section 194BA of the Act [Read circular]
  • Do you need to panic if you have Rs. 2000 note with you?
  • CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities
  • Rs. 2000 note removed from Circulation Will continue as Legal Tender
  • International payments through credit card will now attract 20% TCS under Income tax
  • Deferment of second phase of Peer Review Mandate for CA Firms
  • GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!