Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Tax option under the new regime must be exercised and withdrawn through Form 10-IEA in prescribed electronic manner. Rule 21AGA specifies the manner of exercising and withdrawing the option under section 115BAC(6) for eligible persons. The option is to be made in Form No. 10-IEA within the prescribed time where the person has income from business or profession, and in the return of income under section 139(1) where there is no such income. Withdrawal of the option is also to be made in Form No. 10-IEA, which must be furnished electronically under digital signature or electronic verification code.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax option under the new regime must be exercised and withdrawn through Form 10-IEA in prescribed electronic manner.
Rule 21AGA specifies the manner of exercising and withdrawing the option under section 115BAC(6) for eligible persons. The option is to be made in Form No. 10-IEA within the prescribed time where the person has income from business or profession, and in the return of income under section 139(1) where there is no such income. Withdrawal of the option is also to be made in Form No. 10-IEA, which must be furnished electronically under digital signature or electronic verification code.
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