115 BAC INCOME TAX
This query is : Resolved
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TARIQUE RIZVI
(Querist)
09 December 2021
Respected Sir,
What is section 115 BAC ?
Since when it has started coming into effect ?
What is section 115 BAC ?
Since when it has started coming into effect ?
CA R SEETHARAMAN
(Expert)
09 December 2021
The Budget 2020 introduced a new regime under section 115BAC giving an option to individuals and HUFs to pay income tax at lower rates. From FY 2020-21, the assessee can choose to pay income tax under an optional new tax regime.
TARIQUE RIZVI
(Querist)
09 December 2021
Thanks Raman Sir
Lot of thanks for taking keen interest to solve my queries
Tks with kindest regards
Lot of thanks for taking keen interest to solve my queries
Tks with kindest regards
CA R SEETHARAMAN
(Expert)
10 December 2021
You are welcome.....
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