Question ID :
41016
Form10IC-FY2019-20
Hello Everyone!
Does ITR due date extension by ordinance applicable for filing form 10IC(form to exercise option u/s 115baa).
Meaning thereby if extended ITR due date for domestic company (FY19-20) is 15th February 2021 and ITR filed on 22.12.2020 and form 10IC has also been filed on 22.12.2020. can form 10IC said to be filed on or before due date u/s 139(1)?
Thank you
Posted by
Manisha
on
Apr 05, 2021
Filed Under
DIRECT TAXES
Yes, the option is exercised well with in time.
Posted by
B.CHACKRAPANI WARRIER on
Apr 05, 2021
Answer ID :
81037
Yes. It is said to be filed on or before due date specified under section 139(1) if filed within extended due date.
Posted by
CA. chunauti dholakia on
Apr 05, 2021
Answer ID :
81072
Though there is no specific extension for filing the date of form 10IC by the department. The tax auditor has also report about the adoption of new tax rates by the assessee. In my view it must have required to filed on or before filing the TAR by the tax auditor. In case if there is no tax audit then before the filing the ITR will do. whether the ITR has been filled before the prescribed due date or extended dates that does not make any difference.
Posted by
CA. JHA SHANKAR KUMAR on
Apr 25, 2021