Section 115BAC
This query is : Resolved
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08 February 2022
Dear sir - Is it covered by Law that option to take benefit of section 115BAC can be exercised only if the Return is filed before due date? Pls exlain the situation where option is exercised by submitting Form 10IE before due date and subsequently Return is submitted belatedly - Thank you sir
08 February 2022
If form 10IE has been accepted by the system, then you can file return u/s. 139(4) of IT act.
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09 February 2022
dear sir Thank very much for the answer given . I feel you have left the first part of the query ie where is it mentioned that this option cannot be exercised after due date of return u/s 139(1) . It is not seen in that section 115BAC .
09 February 2022
Yes, I have read it and answered accordingly. Is the form 10IE filled before due date?
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09 February 2022
DEAR SIR - I AM SORRY FOR HAVING CONFUSED YOU A BIT . ACTUALLY I WANT TO KNOW IN A CASE WHERE FORM 10IE IS NOT REQUIRED AND IF RETURN IS BELATED , CAN WE OPT NEW REGIME ie AFTER DUE DATE - THANK YOU
09 February 2022
No. In that case, it is not possible to opt for new regime.
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10 February 2022
Thank you very much sir
10 February 2022
Most Welcome ...
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