19 February 2024
I have opted in new tax regime u/s 115BAC during AY 2021-22 , however while filling updated return for AY 2022-23 getting following error " opting for new tax regime is not allowed for assessee filing ITR u/s 139(8A) for the first time as the due date of opting the same is lapsed".
Error message attached.
Please note that I have duely opted in 115 BAC during AY 2021-22 and not first time in AY 2022-23. Please share your views on whether there is any restrictions on following 115 BAC in AY 2022-23 if ITR-U is being filed.
20 February 2024
In case of non business filer opting new tax regime after due date of filing of ITR is not allowed. In case of business person option form already filed is effective, raise grivance in the portal.