115 BAC rejected by intimation under 143(1)
This query is : Resolved
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?
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?
26 February 2022
File grivences in income tax portal.
File rectification under section 154.
File rectification under section 154.
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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.
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.
Message likes :
1 times
11 March 2022
You are welcome...........
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