Mandatory vs. Directory: Validity of New Tax Regime (115BAC) for Delayed Form 10-IE
Mandatory vs. Directory: Validity of New Tax Regime (115BAC) for Delayed Form 10-IE Facts The Choice: For the Assessment Year 2021-22, the Assessee intended to opt for the “New Tax Regime” under Section 115BAC. The Procedure: To exercise this option, the taxpayer was required to file Form No. 10-IE before the due date specified under… Read More »