14 December 2023
One of my client forgot to file Form 10IE (Opting New Tax Regime), his return processed in old regime with demand due. He is engaged in Business. Kindly Suggest what to do now ? (Return is for AY 23.24 and due date for revised return is 31/12/2023)
15 December 2023
Nothing can be done now. The taxpayer shall not be allowed to avail themselves of the tax benefit on concessional tax rates under the New Tax Regime, if Form 10IE is not filed before the due date.
CAclubindia
