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
Option to Opt Sec 115BAC
Replies (3)
Quick Summary
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
you can opt it against secrifice of lots of deduction and many more tax advantages
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