Vide Circular No. 6/2022 Dated 17th March 2022, the CBDT has condoned delay in filing Form 10-IC subject to some conditions.
It is said in the Circular that:
The delay in filing of Form 10-IC as per Rule 21AE of the Rules for the previous year relevant to A.Y. 2020-21 is condoned in cases where the following conditions are satisfied:
i) The return of income for A.Y. 2020-21 has been filed on or before the due date specified under section 139(1) of the Act;
ii) The assessee company has opted for taxation u/s 115BAA of the Act in (e) of “Filing Status” in “Part A-GEN” of the Form of Return of Income ITR-6 and
iii) Form 10-IC is filed electronically on or before 30.06.2022 or 3 months from the end of the month in which this Circular is issued, whichever is later.
To Download the Circular, Please Click Here