Form no 10E not approved for A Y 2020-21

This query is : Resolved

Santosh Anandrao Patil (Querist)
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08 September 2022 Dear Sir,
Income Tax Return and 10E was file for A Y 2020 21, but 10E form was not verified hence not accepted by the income Tax Department. as per ITR refund was requested for Rs. 52000/- but as the 10E was not verified and not accepted by department, now we received a demand notice to pay Rs. 29000/-.

kindly guide

thanks in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 September 2022 Not verified.... means not filed...... it leads to not opting new regime..... So, as per old regime you are required to pay tax. No other alternative...

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