Form 10IE for new tax regime

Form 10E is to be filed before filing the Income Tax Return within the due date. 

If you have not filed then you will not be liable to claim taxation under the New Tax Regime. 

Q; Is Form 10IE mandatory to file?
Ans; Yes, it is mandatory to file Form 10IE if you want to opt for new tax regime and have Income under the Head “Profits and Gains of Business and Profession.”
 Since I filed ITR-2 and don't have income under "Profits and Gains of business and profession" which requires ITR-3 , I hope my return is processed under new regime.

Note :

• Form 10IE is a declaration form which are filed by taxpayers for choosing the ‘New Tax Regime’ instead of the default new tax regime for FY 2023-24.
• Form 10IE must be filed before submitting your income tax return.
• Once the form submitted, a 15-digit acknowledgement number is generated and that is necessary for proceeding with ITR filing under the old tax regime.

Due Dates :

• For individuals/HUFs without audit requirements: Form 10IE should be filed before the due date of ITR filing (e.g., July 31, 2024, for AY 2024-25).
• For individuals/HUFs with audit requirements: Form 10IE should be filed before the due date of filing the audit report under section 44AB (e.g., September 30, 2024, for AY 2024-25).