Section 115BAC of Income Tax Act at a Glance

Sudiesh , Last updated: 19 June 2020  
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There is a new section called 115BAC inserted 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 assessee opting for New he will lose some exemptions/deductions/carry forward loss etc.

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Published by

Sudiesh
(Audit Assistant)
Category Income Tax   Report

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