25 February 2022
For assessees having income other than Business or Profession for exercise of tax under new regime whether online submission of form 10IE is necessary ? ANS No Read more at: https://www.caclubindia.com/experts/form-10ie-rule-21ag-2862324.asp
Please refer to above query I filled ITR under new tax regime by choosing section 115BAC while filing ITR. I did not filled form 10IE (as answered in above query). However, I received intimation under section 143(1) my claim under section 115 BAC was rejected and income tax was calculated under old tax regime. I am salaried employee with no Business/Professional income. Could you let me know why my return under New tax regime was rejected and what steps should I follow now to rectify it?
10 March 2022
Dear Mr. Seetharaman, Thank you for your excellent suggestion. As per your advice, I filed rectification under section 154. IT department considered my ITR under new regime and approved the refund. Thanks again for your help.
CAclubindia
