22 May 2022
Sir, I have filled ITR under new tax regime by choosing taxation option 115BAC. Today, I have received intimation under 143(1) that my claim under taxation option 115BAC is not considered and they have demanded Rs 92000 as tax payable. What should I do?
23 May 2022
Contact CPC helpline they will tell the reason. You can file rectification if your income doesn't have any business income. In case of business income if Form 10IE is not filed, then department will calculate tax based on the old/existing tax regime.
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