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<h1>Section 115BAC: Individuals and HUFs Can Choose Tax Regime Annually Using Form 10-IE, Submit Electronically</h1> The option under sub-section (5) of section 115BAC of the Income Tax Act allows an individual or Hindu undivided family to choose a specific tax regime for any previous year relevant to the assessment year starting on or after April 1, 2021. This option must be submitted electronically using Form No. 10-IE, either with a digital signature or an electronic verification code. The Principal Director General or the Director General of Income-tax (Systems) is responsible for specifying the filing procedure, data standards, and ensuring security and archival policies for the form.