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Mandatory Filing of Form 10IE

Baibhav Kumar (Student) (165 Points)

16 August 2021

Is it mandatory to file Form 10IE if i choose new Tax Regime for tax calculation..??

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Ramachandran S (Chartered Accountant) (717 Points)
Replied 16 August 2021

It is not mandatory to File Form 10-IE for ITR-1 and ITR-2 whereas it is mandatory to file Form 10-IE for ITR-3 and ITR-4. However, at present, many of us are unable to file Form 10-IE. Error message appears.

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Don Titanic (51 Points)
Replied 17 August 2021

Sir can u plz share the notification regarding mandatory filing of form 10IE for itr 3 and itr4?

Baibhav Kumar (Student) (165 Points)
Replied 17 August 2021

Mandatory / Optional Filing of Form 10-IE by TaxPayers

https://blog.etaxfinance.in/mandatory-optional-filing-of-form-10-ie-by-taxpayers/

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Don Titanic (51 Points)
Replied 17 August 2021

Thank you sir!!

But is there any official notification/ circular issued from Income Tax Department/CBDT?

Ramachandran S (Chartered Accountant) (717 Points)
Replied 18 August 2021

@ Don Titanic To the best of my knowledge, there is no official notification/Circular. However, it is not possible to file Form 10-IE in the portal for ITR-1 and ITR-2. The Portal has been designed like that. At the same time, for ITR-3 and 4, due to technical glitches, we are unable to file Form 10-IE, though in the past, some were able to file the same or ITR-3 and 4.

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CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co) (972 Points)
Replied 20 August 2021

Originally posted by : Ramachandran S
	@ Don Titanic To the best of my knowledge, there is no official notification/Circular. However, it is not possible to file Form 10-IE in the portal for ITR-1 and ITR-2. The Portal has been designed like that. At the same time, for ITR-3 and 4, due to technical glitches, we are unable to file Form 10-IE, though in the past, some were able to file the same or ITR-3 and 4.

It is mandatory to file Form 10 IE for claming 115BAC even for ITR 1 and 2.

Ramachandran S (Chartered Accountant) (717 Points)
Replied 20 August 2021

@ Vanamala Phani Kumar Does the portal allow filing of Form 10-IE for ITR-1 and 2?

Don Titanic (51 Points)
Replied 20 August 2021

It requires to mandatorily enter the Business/Profession Details. Hence, it's designed for ITR 3 and ITR 4 filers...

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 20 August 2021

Form 10IE is a declaration made by the return filers for choosing the 'New tax regime'. The taxpayer has to communicate the selection of tax regime by sending an intimation through Form 10IE to the income tax department before the filing of ITR. The new tax regime is applicable from the FY 2020-21, i.e. AY 2021-22

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 20 August 2021

Originally posted by : Ramachandran S
	@ Vanamala Phani Kumar Does the portal allow filing of Form 10-IE for ITR-1 and 2?

In Online mode of ITR-2, there is only one line question of new tax regime. No separate form called 10IE appears to fill up anywhere.

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CA Vanamala Phani Kumar (Proprietor of M/s Vanamala and Co) (972 Points)
Replied 22 August 2021

Originally posted by : J S BHAVSAR
	Originally posted by : Ramachandran S @ Vanamala Phani Kumar Does the portal allow filing of Form 10-IE for ITR-1 and 2? In Online mode of ITR-2, there is only one line question of new tax regime. No separate form called 10IE appears to fill up anywhere.

Techinical Issue. but as per Act, we need to file Form 10IE. There is no notification for exempting non filing for ITR1 and 2.

Don Titanic (51 Points)
Replied 22 August 2021

I have chosen the "Opting for new regime under section 115BAC" as "yes" and also filed the ITR-2 on 9th August itself.....But when I try to fill form 10IE, after entering the verification OTP, the error message appears...Is it because I am filling form 10IE after filing returns?

Ramachandran S (Chartered Accountant) (717 Points)
Replied 23 August 2021

How do you will Form 10-IE for ITR-2? The form as given in the portal will ask you to choose business or profession. It is because of this reason, many assessees do not file Form 10-IE for ITR-1 and 2 but claim the benefit in return itself.

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