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115 BAC INCOME TAX

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(Querist)
09 December 2021 Respected Sir,

What is section 115 BAC ?

Since when it has started coming into effect ?




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CA R SEETHARAMAN

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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.
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TARIQUE RIZVI

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TARIQUE RIZVI (Querist)
09 December 2021 Thanks Raman Sir
Lot of thanks for taking keen interest to solve my queries
Tks with kindest regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 December 2021 You are welcome.....
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