Old vs New Tax regime
Dev (Article Trainee.) (613 Points)
20 June 2021
Form 16 was prepared as per Old tax regime but can I file with new tax regime.. or vise versa.
5 Replies
vikram chouhan
(131 Points)
Replied 20 June 2021
No u can not file by opting sec 115 BAC if form 16 filed as per old tax regime
vikram chouhan
(131 Points)
Replied 20 June 2021
If an individual who has opted for old tax regime with his/her employer for TDS on salary, plans to opt new tax regime at the time of filing ITR, then he/she can do that by filling the new form I.e. form 10 - IE but if employer failed to file new form then assessee can not take the benefit of new tax regime.
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
