Section 115BAC as inserted applies from which assessment year?
AAY 2019-20
BAY 2020-21
CAY 2021-22
DAY 2022-23
Answer & Solution
Correct answer: C. AY 2021-22
The section covers assessment years beginning on or after 1 April 2021, so AY 2021-22 is the first.
Keep practising Income Tax: Computation under Alternative Tax Regimes
Browse all Income Tax: Computation under Alternative Tax Regimes questions for CA Inter, or explore more Taxation topics.
Related questions
Donations to charity qualify for deduction under which section?Which section allows a deduction for health insurance premium?Interest paid on a student loan is deductible under which section?Which section provides for best judgement assessment?Which section covers scrutiny assessment?The penalty for concealment under section 271(1)(c) ranges overWhat share of tax is the 270A penalty when income is merely under-reported?Misreporting of income under 270A draws a penalty equal to what share of tax?