Income Tax Rule Change: Relief for companies, trusts and others!
Tue, Nov 19, 2024 2:15 PM

Income Tax Rule Change: Relief for companies, trusts and others!

A Flip by Avya Verma
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Income tax department has released new rules for granting condonation of delay requests in filing specified forms. These forms are used to apply for lower rate of income tax by various taxpayers. The Ministry of Finance has issued a circular condoning delays in filing tax forms 9A, 10, 10B, & 10BB for trusts and educational institutions, as well as forms 10-IC and 10-ID for domestic companies.

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