Tax Regime under 139(8A) for AY 2023-24

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This discussion addresses an issue encountered when filing an Income Tax Return (ITR) for Assessment Year 2023-24 under section 139(8A). The user is facing an error message related to opting for the new tax regime (Section 115BAC) when they had previously chosen it, despite their Form 16 confirming this. The advice provided suggests that for late filing after the due date, the option for the new tax regime should be marked as 'No' to proceed.

Manjushri Ahuja

Manjushri Ahuja (Querist)
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30 July 2024 I am filing ITR for AY 2023-24 under 139(8A) and when chosen NO for return previously filed in the excel utility, I get an error message stating that "are you opting for new tax regime u/s 115BAC" should be put NO. I had opted for new tax regime and my form16 also states that but here it does not allow me to proceed. Pls advise