It query For 20-21.


This query is : Resolved 

Quick Summary
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.

14 August 2021 1 Not compulsory software problem in new portal. Submit grivences in new portal. I am also facing the same problem.
2 Change allowed.
2

15 August 2021 2) Change is allowed but once opted out of new scheme, you can't avail the new scheme again (in case of business/professional income)


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