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Section 115bac Filing of ITR after due date

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BIBIN P B

Tax practitioner

99 Points Posted on 30 November 2022

I have filed ITR and form 10IE before the due date for the FY 20-21. And now due date for filing ITR for the FY 21-22 is already got over. Can I compute tax asper new tax regime? Because, Section 115BAC (5)(i) only mandates form 10IE should be filed before due date for any PY. It doesnot mandates filing of ITR before due date.

Expecting valid response.

Replies (3)

Quick Summary

This discussion clarifies the requirements for filing under Section 115BAC, the new tax regime. The user correctly points out that while Form 10IE must be filed before the due date, the Income Tax Return (ITR) itself does not have the same strict deadline for opting into this regime. This means it may still be possible to compute tax under the new regime even if the ITR filing deadline has passed, provided Form 10IE was submitted on time.