An assessee opted for new regime in the A.Y 2021-22 by filing form no10IE within the situplated time. For the A.Y. 2022-23 return of income could not be filed within the due date wheather he is eligible for tax under new regime in the A.Y. 22-23.
5 Replies
Shaikh Firoz
(37 Points)
Replied 08 June 2022
If the assessee wants to file return of income a new tax regime then it is compulsorily required to file return on or before due date of return prescribed under section 139
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 08 June 2022
It is at the option of assessee to choose new or old tax regime
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 08 June 2022
Even if return not filed on time, assessee is eligible for new scheme.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 08 June 2022
The assessee is eligible to take the new regime in the FY 2021-22 or AY 2022-23 if he is not having a business income. Salaried professionals are allowed to choose their regime in every FY.
The taxpayer has to file Form 10E before filing the Income-tax Return in FY 2021-22 intimating the dept. that he has chosen the new tax regime,
Recent Topics
- Royalties
- Handling of NRO TDS
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
Related Threads
CAclubindia
