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Option to Opt Sec 115BAC

Others 259 views 3 replies
Section 115BAC is applicable for AY 2021-22.
Now my question is that I don't know whether the assessee will opt sec 115BAC or not while filing his Income Tax Return.
Now how I shall report in Point 8(a) of Form 3cd relating to option to opt Sec 115BAC. Since I don't know whether the assessee will opt or not
Replies (3)
It should be pre-planned..
In point No. 8 of Form 3CD the word used is opted. Till date the assessee has not opted the scheme but before filing return he may opt for it. So how can I write Yes
As i know you have option not compulsory.
you can opt it against secrifice of lots of deduction and many more tax advantages


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