Form 10ID

Form 10ID

Form 10ID PDF has been filed by the New Manufacturing Domestic Companies and this form can be downloaded from the link given at the bottom of this page. The company has the option to pay tax at a concessional tax rate of 15% (plus applicable surcharge and cess) under Section 115BAA and 115BAB of the Income Tax Act, 1961 respectively, subject to certain conditions. Companies can opt for the concessional tax rates from Assessment Year 2020-21 onwards only.

For opting for the concessional tax rates, to pay tax as per Section 115BAB, it is essential to file Form 10-ID on or before the due date specified under sub-section (1) of Section 139 for furnishing the returns of income for the first assessment year commencing on or after 1st day of April 2020 to avail the benefit. Such option once exercised shall apply to subsequent assessment years and cannot be withdrawn.

Form 10ID

You can download the Form 10-ID PDF using the link given below.