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Form No 10-IC Couldn t Be Uploaded On ITBA Portal Due To Technical Problem: Gujarat High Court Allows Section 115BAA Concessional Tax Benefit

The Gujarat High Court has allowed the benefit of concessional tax under Section 115BAA of the Income Tax Act, as Form No.10-IC could not be uploaded on the Income Tax Business Application (ITBA).

Nikunt rawalJustice biren vaishnavJustice maunam bhattGujarat high courtCentral processing centreIncome tax actIncome tax business applicationJustice maunaAssessing officerIncome tax rulesTaxation lawsFor appellantEction 115baaConcessional tax

New tax regime is very attractive now

This is especially so for high-income individuals who don’t utilize most exemptions and deductions of the old regime

Nirmala sitharamanIncome tax actIncome taxNew taxGold taxConcessional taxBudget 2023Money budget

Where does India stand in the world in comparison of individual tax rates?

With the Union Budget just a few days away, the expectations are high around significant changes in individual taxes.

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