We have filed form 10 IC for the assessment year 2020-21. Reference is invited to Section 115BAA.
Now,for the assessment year 2021-22,should we file ? Is it mandatory to file every year ?
with regards,
Vd Joshi (1 Points)
02 March 2022We have filed form 10 IC for the assessment year 2020-21. Reference is invited to Section 115BAA.
Now,for the assessment year 2021-22,should we file ? Is it mandatory to file every year ?
with regards,
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171444 Points)
Replied 03 March 2022
No. If you have opted for concessional tax rates once, it shall apply to subsequent assessment years and cannot be withdrawn.
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