16 December 2022
We don't file 10IC for A.Y 2021-22, but my consultant opted 115BAAA sectiion at the time filing. for this reason huge amount demand by I.T department. What should we do against this.
16 December 2022
To opt for new tax regime, the filing of form 10IC is mandatory, otherwise it is not eligible. Now it is not possible to revise the return for AY 2021-22. Check if rectification is possible to claim any deduction, which were available under old regime. As such no other option, but to pay the demand.
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