Applicability of Form 10IE

Whether it is mandatory to file Form 10 IE for assessee having no business income (ie. ITR 1 and ITR 2 ).
Replies (3)
Quick Summary
This discussion clarifies the mandatory filing requirements for Form 10IE. It addresses whether individuals filing ITR 1 and ITR 2, who have no business income, need to submit the form. The consensus is that Form 10IE is primarily for those opting for the new tax regime with ITR 3 and 4, and its filing might not be necessary for ITR 1 and 2 filers. It also touches upon whether companies with business income need to file Form 10IE annually or just once.

I understand that the new portal permits Form 10-IE to be filed only for ITR 3 and 4 and the benefit of new tax regime should be availed in ITR 1 or 2 itself without any need for filing Form 10-IE.

Thank you sir

Is form 10IE to be filed every year by companies having business income? Or is it a one time filing process?

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