To resolve the issue raised in the forum post regarding filling out Form 10IE details in ITR-3 when opting for the New Tax Regime, follow these step-by-step instructions:
Step 1: File Form 10IE First
You cannot fill out the details directly in ITR-3 without filing Form 10IE beforehand. Form 10IE must be submitted separately on the Income Tax e-filing portal before you file your ITR.
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Log in to the Income Tax e-Filing Portal.
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Go to e-File > Income Tax Forms > File Income Tax Forms.
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Select Form 10IE (Application for exercise/withdrawal of option under section 115BAC(5)).
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Fill in the required details, choose the relevant Assessment Year, and submit/e-verify the form.
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Once successfully submitted, note down the Acknowledgement Number and the Date of Filing.
Step 2: Update Details in ITR-3
After obtaining the acknowledgement details, open your ITR-3 utility (online or offline):
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Navigate to Part A - General Information.
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Look for the section asking: "Whether opting for New Tax Regime u/s 115BAC?"
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Select Yes.
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Additional fields will appear prompting you to enter:
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Enter the exact details copied from your filed Form 10IE receipt.
⚠️ Important Note for Recent Assessment Years
If you are filing returns for Assessment Year 2024-25 onwards, the New Tax Regime is the default regime.
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If you want to stay in the New Regime, you do not need to file Form 10IE.
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If you have business income (ITR-3) and want to switch back to the Old Tax Regime, you must file Form 10IEA instead before the due date.
Summary
To fill Form 10IE details in ITR-3, you must first file Form 10IE separately on the e-filing portal under 'Income Tax Forms'. Once submitted, copy the generated Acknowledgement Number and Date of Filing, and enter them under Part A - General Information of your ITR-3 after selecting "Yes" for Section 115BAC. (Note: For AY 2024-25 onwards, the New Regime is default, and Form 10IE is obsolete, replaced by Form 10IEA only if you wish to opt-out).