Forgot to file Form 10IE (Opting New Tax Regime)
This query is : Resolved
CA. Ankit Vijaywargiya
(Querist)
14 December 2023
One of my client forgot to file Form 10IE (Opting New Tax Regime), his return processed in old regime with demand due. He is engaged in Business. Kindly Suggest what to do now ? (Return is for AY 23.24 and due date for revised return is 31/12/2023)
CA R SEETHARAMAN
(Expert)
15 December 2023
Nothing can be done now.
The taxpayer shall not be allowed to avail themselves of the tax benefit on concessional tax rates under the New Tax Regime, if Form 10IE is not filed before the due date.
The taxpayer shall not be allowed to avail themselves of the tax benefit on concessional tax rates under the New Tax Regime, if Form 10IE is not filed before the due date.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- LLP audit and disclosure
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- TDS- 2026-27 Q1 Correction
- Advances to related party
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation Error – Mandatory Fields
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
