Form No. 10-IFA is an application used by co-operative societies to exercise the option under sub-section (5) of Section 115BAE of the Income-tax Act, 1961. It captures essential details such as PAN, registration information, nature of activities, and commencement of manufacturing or production. This form enables eligible co-operative societies to opt for concessional tax rates while ensuring compliance with prescribed conditions and reporting requirements.
Source: https://incometaxindia.gov.in
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Nazim Khan (Author) 📞 +91 9536250020
[MBA in Finance]
Nazim Khan is an expert in Microsoft Excel. He teaches people how to use it better. He has been doing this for more than ten years. He is running this website (TechGuruPlus.com) and a YouTube channel called "Business Excel" since 2016. He shares useful tips from his own experiences to help others improve their Excel skills and careers.
