Answer

1. F

   Facts

   The form asks you to select the Sec 139(1) due date that applies to you. Selecting the wrong one can make the form invalid. Revision of a filed form is not allowed.

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
   • Sec 44AB (now Sec 63)Tax audit where turnover or receipts cross the limits
3. A

   Analysis

   The FAQ notes that a form filed with the wrong due date selected gets an Invalid status, and FAQ 18 says a filed form cannot be revised or withdrawn in the same year. If the form is still valid in the portal, your choice holds; if it shows invalid, check whether a fresh filing within your correct due date is possible, or raise a grievance. Use the help text on the screen to pick the right due date next time.

4. C

   Conclusion

   1. 1Check the form's status in View Filed Forms.
   2. 2If valid, keep the acknowledgement.
   3. 3If invalid and time remains, seek advice on refiling or a grievance.
   4. 4Pick the due date carefully in future.

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