WebNew Circular Condoning Before Submission of Audit Report in Form 10B WebHowever, under certain circumstances described in section 108, you can exclude the amount of discharged indebtedness from your gross income. You must file Form 982 to report the exclusion and the reduction of certain tax attributes either dollar for dollar or 33 1 / 3 cents per dollar (as explained later).

Form 10B income accumulation amount inadvertent mistake

Webthe defect/ deficiency in the return being submitted.The Audit report in Form 10B can also be submitted along with the revised return. CBDT CIRCULAR REGARDING DELAYED FILING OF AUDIT REPORT 4.1.1 The Central Board of Direct Taxes(CBDT) has also issued the following circular clarifying the above issue, which is as follows: WebForm 1040, line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm’s name as the payer and enter the ordinary dividends shown … slow cooker coffee cake recipe

An Overview on Filing of Form 10BA of Income Tax - Corpbiz

WebSep 12, 2024 · Thereafter, the Assessee filed a Declaration with the AO clarifying that it does not want to avail the benefit under Section 10B as per the option available under Section 10B(8) of the IT Act. The Assessee subsequently filed its revised return without claiming deduction under Section 10B of the IT Act and claiming carry forward of losses … WebJan 26, 2024 · The Tribunal observed that in the proceedings before the lower authorities, assessee obtained and furnished a revised certificate from the Auditors substantiating the mistake. It was observed by the Tribunal that the explanation of assessee was that the amount stated in Auditors Report in Form No. 10B was an inadvertent mistake. slow cooker cod fish