An assessee opted for new regime in the A.Y 2021-22 by filing form no10IE within the situplated time. For the A.Y. 2022-23 return of income could not be filed within the due date wheather he is eligible for tax under new regime in the A.Y. 22-23.
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New Tax Regime Clarification
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If the assessee wants to file return of income a new tax regime then it is compulsorily required to file return on or before due date of return prescribed under section 139
It is at the option of assessee to choose new or old tax regime
Even if return not filed on time, assessee is eligible for new scheme.
The assessee is eligible to take the new regime in the FY 2021-22 or AY 2022-23 if he is not having a business income. Salaried professionals are allowed to choose their regime in every FY.
The taxpayer has to file Form 10E before filing the Income-tax Return in FY 2021-22 intimating the dept. that he has chosen the new tax regime,
New tax regime calculation .Sec 115bac
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