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Section 115BAC of Income Tax Act at a Glance
Sudiesh 19 June 2020 at 12:50There is a new section called 115BAC intserted in Income Tax, 1961. This is going to effect from AY 2021-22. An assessee can opt old system or new as he wish. When an assesse opting for New he will lose some exemptions/deductions/carry forwad loss etc
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