WHO SHOULD FILE FORM 10 IE BEFORE FILING IT RETURNS AY 2023-24 (FY 2022-23)
Any individual with business or professional income should submit Form 10-IE to inform the IT department if they wish to switch from the old tax regime to the new one on or before July 31st 2023, and only then file their income tax return
Q; When should I file Form 10E?
Ans: Form 10E has to be filed before filing your Income Tax Return.
Q; Is Form 10E mandatory to file?
Ans; Yes, it is mandatory to file Form 10E if you want to claim a tax relief on your arrear / advance income.
Q; What will happen if I fail to file Form 10E but claim relief u/s 89 in my ITR?
Ans; If you fail to Form 10E but claim relief u/s 89 in your ITR, your ITR will be processed, however the relief claimed u/s 89 will not be allowed.
Q; How do I know that ITD has disallowed the relief claimed by me in my ITR?
Ans; In case the relief claimed by you u/s 89 is disallowed, the same shall be communicated by the Income Tax Department through an intimation u/s 143(1) after the processing your ITR is complete.
Q; I am unable to add income details for while filing Form 10E for the FY 2019-20. What should I do?
Ans: Ensure that you are filing Form 10E for Assessment year 2021-22. In order to file Form 10E for Assessment year 2021-22, click e-File>Income Tax Forms>File Income tax Forms. Scroll down to find the tab “Persons without Business/Professional Income” Click on File now. Select Assessment Year as 2021-22 and click on Continue.
Q; I am filing ITR for the AY 2021-22. What should I choose as the AY while filing Form 10E?
Ans; If you are filing Income Tax Return for Assessment Year 2021-22, you need to select Assessment Year 2021-22 while submitting Form 10E.
Q: While filing Form 10E, I am unable to view the taxes applicable in the Assessment year. How should I proceed?
Ensure that you have filled in all income details (including previous year income details in Table A). The taxes will be automatically displayed based on the slab rate. Verify if the income as per the details available on the portal matches with your calculation and insert the amount of tax in the respective table.
Ans: Form 10E has to be filed before filing your Income Tax Return.
Q; Is Form 10E mandatory to file?
Ans; Yes, it is mandatory to file Form 10E if you want to claim a tax relief on your arrear / advance income.
Q; What will happen if I fail to file Form 10E but claim relief u/s 89 in my ITR?
Ans; If you fail to Form 10E but claim relief u/s 89 in your ITR, your ITR will be processed, however the relief claimed u/s 89 will not be allowed.
Q; How do I know that ITD has disallowed the relief claimed by me in my ITR?
Ans; In case the relief claimed by you u/s 89 is disallowed, the same shall be communicated by the Income Tax Department through an intimation u/s 143(1) after the processing your ITR is complete.
Q; I am unable to add income details for while filing Form 10E for the FY 2019-20. What should I do?
Ans: Ensure that you are filing Form 10E for Assessment year 2021-22. In order to file Form 10E for Assessment year 2021-22, click e-File>Income Tax Forms>File Income tax Forms. Scroll down to find the tab “Persons without Business/Professional Income” Click on File now. Select Assessment Year as 2021-22 and click on Continue.
Q; I am filing ITR for the AY 2021-22. What should I choose as the AY while filing Form 10E?
Ans; If you are filing Income Tax Return for Assessment Year 2021-22, you need to select Assessment Year 2021-22 while submitting Form 10E.
Q: While filing Form 10E, I am unable to view the taxes applicable in the Assessment year. How should I proceed?
Ensure that you have filled in all income details (including previous year income details in Table A). The taxes will be automatically displayed based on the slab rate. Verify if the income as per the details available on the portal matches with your calculation and insert the amount of tax in the respective table.