This discussion addresses queries regarding Section 44ADA and the new tax scheme for the financial year 2020-21. Key questions revolve around the necessity of filing Form 10IE and whether opting for the new scheme in FY 20-21 makes it compulsory for subsequent years. Participants note issues with the new portal's software and confirm that changing schemes is allowed, though opting out means you cannot re-select the new scheme for business or professional income.
14 August 2021
Sir, Sec 44ada professional income it returns filed person opted new scheme in f.y.2021. Question: 1.form 10IE filed compulsory or not 2.assess f.y.20-21 new scheme options selected but next f.y.21-22 new scheme options compulsory or change old scheme allowed in it act.