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<h1>Rule 21AGA: Filing Form 10-IEA for Section 115BAC Income Tax Option by Due Date for Assessment Year 2024</h1> The statutory provision under Rule 21AGA outlines the procedure for exercising the option under sub-section (6) of section 115BAC of the Income Tax Act. It applies to individuals, Hindu undivided families, associations of persons, or artificial juridical persons for the assessment year starting April 1, 2024. Those with business income must file Form No. 10-IEA by the due date specified in section 139, while those without business income must include it in their income return. Withdrawal of the option also requires Form No. 10-IEA, which must be submitted electronically. The Principal Director General of Income-tax (Systems) is responsible for specifying procedures and ensuring data security.