Regarding Demand Tax
This query is : Resolved
FOUNTAIN HEAD PVT LTD
(Querist)
21 December 2022
Depatment demand us tax @ 33% for non accepting 10IC form. turnover only between 10 to 15 crore.
what should we do for revise demand tax 25%
what should we do for revise demand tax 25%
CA R SEETHARAMAN
(Expert)
21 December 2022
If filed within due date go for appeal.
The synopsis of the Central Board of Direct Taxes (CBDT) Circular No. 06/2022 Dated 17th March 2022 is as follows:
CBDT has directed that the delay in filing this form for 2020-21 assessment years is condoned in cases where certain conditions are met.
The deadline to file the Form which is required to be submitted with the Income Tax Returns to get the concessional corporate tax rate has been extended to 30 June 2022.
Businesses can submit this form electronically before the due date.
CBDT also announced that failure to submit this form would lead to denial of the concessional 22% tax rate.
The synopsis of the Central Board of Direct Taxes (CBDT) Circular No. 06/2022 Dated 17th March 2022 is as follows:
CBDT has directed that the delay in filing this form for 2020-21 assessment years is condoned in cases where certain conditions are met.
The deadline to file the Form which is required to be submitted with the Income Tax Returns to get the concessional corporate tax rate has been extended to 30 June 2022.
Businesses can submit this form electronically before the due date.
CBDT also announced that failure to submit this form would lead to denial of the concessional 22% tax rate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- Form 144 TDS Return Validation error
- Form 144 TDS Return Validation Error – Mandatory Fields
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
