alleryStart learning →Someone running a business must exercise the 115BAC option by which time?
AWith a belated return
BBefore the year begins
CWith advance tax
DBy the 139(1) due date
Answer & Solution
Correct answer: D. By the 139(1) due date
Clause (i) of sub-section (5) requires the option on or before the due date for the return under section 139(1).
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