CLARIFICATION REGARDING OPTING FOR 115BAC FOR UPDATED RETURN


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This discussion clarifies whether you can choose the 115BAC tax regime when filing an updated return, even if your original return was already filed under 115BAC within the due date. The answer is yes, provided you have an additional tax liability to declare.

27 February 2024 WHETHER WE CAN OPT FOR 115BAC WHILE FILING UPDATED RETURN FOR AN ALREADY FILED ORGINAL RETURN UNDER 115BAC WITHIN DUE DATE.

11 May 2024 Yes, you can, provided you have any additional tax liability..

09 September 2024 Good Luck.


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