Form No. 10-IE is used by individuals and Hindu Undivided Families (HUFs) to exercise or withdraw the option under Section 115BAC of the Income-tax Act, 1961 for choosing the new tax regime. This form captures key details such as PAN, business or profession status, IFSC unit information, and prior option history to ensure accurate tax treatment. Filing Form 10-IE helps taxpayers formally select or exit the concessional tax regime while maintaining compliance with income tax regulations.
Source: https://incometaxindia.gov.in
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