Hi
Does Form 10- IB needed to be filled every year or its a one time form for paying lower corporate tax rate
4 Replies
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 09 March 2022
Form 10-IB must contain the Information about the choice to apply under terms of sub-section (4) of division 115BA of Income Tax Act. It also relates to the assessment year commencing on or after the 1st day of April 2017, which must be mentioned in Form No. 10-IB.
Form 10 means the registration statement on Form 10 (Registration No. 001-36794) filed by Chemours with the Commission under the Exchange Act in connection with the Distribution, including any amendment or supplement thereto.
ayusmita
(Tax consultant)
(5885 Points)
Replied 09 March 2022
Form 10-IB is a new tax-related application that enables young startups and businesses to choose better tax rates for themselves. By enabling such options, the government is encouraging and promoting the startup culture in India so economic will grow...
JJJ
(Need help)
(675 Points)
Replied 09 March 2022
Both ladies - Debora and ayusmita - why do you insist on copy-pasting something that the person who has a query did not ask?
He did not ask what the form must contain.
Nor did he ask what the form is.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 16 March 2022
Form 10-IB must contain the Information about the choice to apply under terms of sub-section (4) of division 115BA of Income Tax Act. It also relates to the assessment year commencing on or after the 1st day of April 2017, which must be mentioned in Form No. 10-IB.
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