Answer

1. F

   Facts

   Form 10-IEA is filed only online on the e-Filing portal. You go to e-File, Income Tax Forms, File Income Tax Forms, pick Form 10-IEA and the assessment year. After answering the questions you e-verify and get an acknowledgement.

2. P

   Provisions and law

   • Notification 43/2023, Form 10-IEANotified Form 10-IEA for opting out of, or back into, the new regime from AY 2024-25
   • Sec 115BAC (now Sec 202)New regime is the default; business filers opt out with Form 10-IEA by the Sec 139(1) due date
3. A

   Analysis

   The user manual shows three parts: basic information (name, PAN, year and status prefilled, with opt out selected on first filing), additional information on IFSC units, and the declaration. You answer whether you have business income, the due date that applies, and confirm the choice. Then you verify with Aadhaar OTP, EVC or DSC and note the transaction ID. The form and receipt can be downloaded from View Filed Forms.

4. C

   Conclusion

   1. 1Log in and go to e-File, Income Tax Forms, File Income Tax Forms.
   2. 2Select Form 10-IEA and the assessment year.
   3. 3Fill basic information, answer the questions and the declaration.
   4. 4E-verify and save the acknowledgement.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.