Taxation option 115BAC is not considered.

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If your claim under the new tax regime option 115BAC was not considered in your Income Tax Return (ITR) and you received a demand notice, don't panic. This often happens if Form 10IE wasn't filed when you have business income. Fortunately, you can usually resolve this by filing a rectification request with the tax department, especially if your income doesn't involve business earnings.

Deepak Kumar Singh

Deepak Kumar Singh (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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Deepak Kumar Singh

Deepak Kumar Singh (Querist)
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23 May 2022 Thank you sir, Matter resolved by using rectification request.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2022 You are welcome.........

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