Exclusion from section 115JC for taxpayers who opt for specified alternative tax regimes or alternate computation under 115BAC. The substituted sub-section (5) to section 115JC provides that the section shall not apply where the person has exercised the option under sub-section (5) of section 115BAC, sub-section (5) of section 115BAD or sub-section (5) of section 115BAE, or where income-tax on total income is computed under sub-section (1A) of section 115BAC; the amendment takes effect from the commencement of the financial year beginning 1st April, 2024.
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Provisions expressly mentioned in the judgment/order text.
Exclusion from section 115JC for taxpayers who opt for specified alternative tax regimes or alternate computation under 115BAC.
The substituted sub-section (5) to section 115JC provides that the section shall not apply where the person has exercised the option under sub-section (5) of section 115BAC, sub-section (5) of section 115BAD or sub-section (5) of section 115BAE, or where income-tax on total income is computed under sub-section (1A) of section 115BAC; the amendment takes effect from the commencement of the financial year beginning 1st April, 2024.
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