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Section 115BAC

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IT New Tax Regime Vs Old – Sec 115BAC

Income Tax : Explore the changes between old and new tax regimes under Sec 115BAC, impacting deductions, exemptions, and filing options. Make i...

June 9, 2024 2925 Views 0 comment Print

Section 115BAC(6) – Opting out from New Tax Regime

Income Tax : Understand Section 115BAC(6) and opting out from the New Tax Regime (NTR). Learn about exercising options, withdrawal, and eligibi...

June 5, 2024 10038 Views 0 comment Print

Income Tax Regime Dilemma – New VS. Old

Income Tax : Explore the amendments to Section 115BAC of the Income Tax Act, 1961, and the implications of the new tax regime from AY 2024-25. ...

May 7, 2024 20805 Views 0 comment Print

New Tax Regime vs Old Tax Regime u/s 115BAC for AY 2024-25

Income Tax : Understand implications of new tax regime under Section 115BAC for AY 2024-25 versus old one. Learn about reduced tax slabs, exemp...

May 5, 2024 6525 Views 1 comment Print

Section 115BAC: New Tax Regime – Analysis, Comparison and Key Points

Income Tax : Understand Section 115BAC of the Income Tax Act, 1961, and its implications for taxpayers. Explore the new tax regime, its provisi...

April 15, 2024 51189 Views 3 comments Print


Latest News


Representation on Non acceptance of 115BAC cases on IT Portal

Income Tax : Rejection of ITRs specifically claiming option u/s 115BAC by filing of Form 10-IE Possibility of major bug in new IT Portal specif...

September 16, 2021 21030 Views 10 comments Print

Section 115BAC of Income-tax Act, 1961

Income Tax : New Income Tax Regime, Section – 115BAC, Income-tax Act, 1961 Tax on income of individuals and Hindu undivided family under ...

August 13, 2021 25197 Views 0 comment Print

Taxpayer opting Lower Tax Rate- Change of Income-Tax Rules

Income Tax : On 26th June, the Central Board of Direct Taxes (CBDT) has made certain changes in  Income Tax Rules vide Notification No. 38/20...

July 8, 2020 1710 Views 0 comment Print


Latest Judiciary


Section 115BBC not attracted as record of donors duly maintained

Income Tax : ITAT Patna held that as assessee duly complied with the requirement of maintaining the records of the donors in the form of their ...

May 28, 2023 2592 Views 0 comment Print


Latest Notifications


TDS deduction on Salary – Old Regime- New Regime- CBDT clarified

Income Tax : CBDT vide Circular No. 04/2023-Income Tax clarified that  Each year, employer shall seek information from each of its employees r...

April 5, 2023 29103 Views 1 comment Print

Opted new Tax Regime- Claim conveyance, travel allowance

Income Tax : Perquisites & Allowances to Taxpayer opting Lower Tax Rate Option- Section 115BAC CBDT issued Notification No. 38/2020-Income ...

June 26, 2020 11307 Views 0 comment Print

Tax Rate Option exercise by Employee for TDS on Salary & by Business

Income Tax : An employee, having income other than the income under head profit and gains of business or profession and intending to opt for th...

April 13, 2020 9225 Views 1 comment Print


Latest Posts in Section 115BAC

IT New Tax Regime Vs Old – Sec 115BAC

June 9, 2024 2925 Views 0 comment Print

Explore the changes between old and new tax regimes under Sec 115BAC, impacting deductions, exemptions, and filing options. Make informed decisions for your finances.

Section 115BAC(6) – Opting out from New Tax Regime

June 5, 2024 10038 Views 0 comment Print

Understand Section 115BAC(6) and opting out from the New Tax Regime (NTR). Learn about exercising options, withdrawal, and eligibility criteria.

Income Tax Regime Dilemma – New VS. Old

May 7, 2024 20805 Views 0 comment Print

Explore the amendments to Section 115BAC of the Income Tax Act, 1961, and the implications of the new tax regime from AY 2024-25. Understand your options, consequences, and strategies for tax filing.

New Tax Regime vs Old Tax Regime u/s 115BAC for AY 2024-25

May 5, 2024 6525 Views 1 comment Print

Understand implications of new tax regime under Section 115BAC for AY 2024-25 versus old one. Learn about reduced tax slabs, exemptions, deductions, and how to make right choice.

Section 115BAC: New Tax Regime – Analysis, Comparison and Key Points

April 15, 2024 51189 Views 3 comments Print

Understand Section 115BAC of the Income Tax Act, 1961, and its implications for taxpayers. Explore the new tax regime, its provisions, exemptions, and deductions, helping you make informed decisions for your financial planning.

What’s new in section 115BAC: Optional scheme to default scheme of taxation

April 14, 2024 25104 Views 3 comments Print

Understand the latest tax amendments with the new default scheme under section 115BAC. This comprehensive guide simplifies the procedures, forms, and eligibility criteria for seamless tax compliance.

Income tax Return filing New Dates for FY 2023-24 (AY 2024-25)

April 8, 2024 9180 Views 0 comment Print

Understand Section 139 of the Income Tax Act, its implications on return filing due dates, and the changes for FY 2023-24. Learn about new dates, old regime, and key considerations.

Changes in Latest Income Tax Return (ITR) Forms for FY 2023-24

March 26, 2024 10023 Views 0 comment Print

Explore significant changes in ITR forms for FY 2023-24: deadlines, EVC for audits, reporting modifications, taxation updates, and more. Stay informed!

Understanding Income Tax Regimes & Mandatory Filing: A Comprehensive Guide

March 22, 2024 1032 Views 0 comment Print

Explore the intricacies of income tax regimes and mandatory filing obligations for individuals below 60 years. Understand old vs. new tax slabs with illustrative examples.

New Financial Year and New ITR Forms

March 6, 2024 2541 Views 0 comment Print

Explore crucial updates in ITR forms for the Financial Year 2023-24. From tax regime shifts to added disclosures, stay informed for seamless filing. Get expert insights.

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