SEC. 115BAC NEW TAX REG.


This query is : Resolved 

Quick Summary
A taxpayer mistakenly filed their AY 2021/22 tax return opting for the new tax regime under Section 115BAC after the due date. They are now facing a demand of Rs 46,420 and seeking a remedy. The advice given is that while one can opt out once, they cannot choose the new regime again after that. The user is asking for further guidance on how to proceed with the demand notice.

09 June 2022












SIR, Due to mistake return for AY 2021/22 is filed opting new tax regime ie, u/s 115BAC , after the due date specified u/s 139(1) . Kindly suggest the remedy









09 June 2022 No remedy available, you can opt out once but thereafter in no case you opt it again.

09 June 2022 return is processed with a demand of Rs 46420/ now what to do , as return is filed after the due date


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