Find
No. Form 10-IEA must be filed by the Sec 139(1) due date, not by the belated return date. Filing it now with a late return does not give the old regime. Your belated return will be under the new regime.
ITR
Belated return for business income and the old regime
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Provisions
Sec 115BAC (now Sec 202); Sec 139(4) (now Sec 263(4)); Sec 234F (now Sec 428)
Analysis
The rule ties the form to the original due date, so a belated return under Sec 139(4) cannot use the old regime unless the form was filed on time. Compute tax under the new regime, pay the Sec 234F fee and interest, and file by 31 December 2026. If you are an audit case with a 21 November 2026 due date, you may still be in time, so check quickly. Next year, file the form early.
Close
- Check whether your due date has passed.
- If passed, compute tax under the new regime.
- Pay fee and interest and file the belated return.
- Plan Form 10-IEA early next year.
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