Taxation u/s 115BAC

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12 Points Posted on 19 December 2021
Can an Assessee eligible under section 44ADA, opt for taxation u/s 115BAC. (New tax regime).
Please help.
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On 19 December 2021 at 12:34 Report
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Quick Summary
This discussion clarifies whether an assessee eligible under Section 44ADA can choose the new tax regime, Section 115BAC. The answer is yes, but with a crucial caveat. Once you opt for Section 115BAC, you cannot opt out and revert to the old regime in the future.

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SEO Sai Gr. Hosp.
212572 Points Posted on 19 December 2021

YES. BUT ONCE OPTED OUT, YOU WILL NOT BE ABLE TO OPT IT AGAIN.

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On 19 December 2021 at 14:13
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Profession
28271 Points Posted on 19 December 2021
The resolution is different.
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On 19 December 2021 at 14:49
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13 Points Posted on 20 December 2021
Hi what can I help you
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On 20 December 2021 at 13:23

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