Accountant
87 Points
Joined March 2015
The heading is : Whether Opting for 115BAC or Opting out of 115BAC(1A) - Yes or No
Please note that there are 2 questions. Let us treat them as Question A and Question B
Question A is applicable for previous years.
i.e. the question is Whether opting for 115BAC..........So, to select New regime "Yes" should be selected and to choose Old regime "No" should be selected
Question B is applicable for FY 23-24 onwards.
i.e. the question is Whether opting OUT OF 115BAC(1A).......... So, to select "New regime" ......"No" should be selected and to select "Old regime: ......."Yes" should be selected.
Reason for these changes are that for Previous years, the default regime is "Old regime" but from FY 23-24 onwards the default regime is "New Regime"