Issues regarding opting 115 BAA

SHYAM KRISHNAN K (i) (216 Points)

11 March 2022  

I have following doubt while opting 115 BAA for IT filing

1. Is it mandate to file return with in due date while a company opted 115 BAA ? What are the consequations if the company file belated return on following years when the company opted 115 BBA.

2. Can we switch in to normal regime after 5 years