The Income Tax Appellate Tribunal (ITAT) overturned the ruling, pointing out that the company had already exercised its option for the lower tax rate in AY 2020-21 by filing Form 10IC, and this option ...
Introduction: Section 208 of the Income Tax Act deals with the advance tax provisions. Accordingly, advance tax is payable by every person whose estimated tax liability exceeds INR 10,000 [after ...