Can an individual / HUF having Income From Business and Profession only withdraw from Section 115BAC in the same year for which he has opted for the same or can he revoke Form 10IE?
sachin rastogi (1 Points)
01 December 2021Can an individual / HUF having Income From Business and Profession only withdraw from Section 115BAC in the same year for which he has opted for the same or can he revoke Form 10IE?
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 03 December 2021
It can't be withdrawn in the same year in which it is opted for but can be withdrawn once in subsequent years.
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