Querry regarding form 24Q


This query is : Resolved 

Quick Summary
This discussion clarifies how to correctly file Form 24Q regarding the 115BAC tax regime. Select 'No' if filing under the new regime and 'Yes' if using the old regime, entering 'xxx.00' or '0.00' accordingly. It also addresses Section 14(10) for special allowances, confirming that if no such allowances apply, you should enter '0.00'.

(Querist)
05 June 2024 hi,
i was trying to file 24Q but confused what to choose (between yes/no) for the below

"WHETHER OPTING FOR TAXATION U/S 115BAC OR WHETHER OPTING OUT FROM TAXATION U/S 115BAC (1A)"


can somebody pls help

05 June 2024 Select NO if you are filing it under NEW Regime.

jaya (Querist)
10 June 2024 thanx..
i have another querry also...they said Section 14(10) is mandatory
"Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'".
if we do not have then what to do? (the specified category for the person)

10 June 2024 If you are filing under Old regime, select Yes, in the option and fill the figure as 'xxx.00'
Otherwise fill '0.00'

jaya (Querist)
10 June 2024 sorry...but this section is about Education of children right? suppose somebody's children are grown up and they
are done with their schooling/education then?
also if somebody doesnt have any kid then in this case it is not applicable...right? then it should be zero..

10 June 2024 Yes, correct.

31 August 2024 Good luck.


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