Answer

1. F

   Facts

   When you opt for the old regime with business income, the ITR asks for the Form 10-IEA acknowledgement number and date. You get these after filing and verifying the form. That is why the form should be filed before the return.

2. P

   Provisions and law

   • 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

   Go to e-File, Income Tax Forms, View Filed Forms, and open Form 10-IEA for the year to see the acknowledgement number and date. Enter them in the regime question of Part A of the ITR. If you filed the form in an earlier year and it continues, quote that earlier form's details as the utility asks. A wrong number can lead to the old regime being denied at processing.

4. C

   Conclusion

   1. 1Open View Filed Forms and select Form 10-IEA.
   2. 2Copy the acknowledgement number and date.
   3. 3Enter them in the ITR regime question.
   4. 4Keep the receipt with your return papers.

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