Find
No. If a business or professional filer misses the due date, the old regime cannot be claimed for that year. A late form is treated as invalid. You are taxed under the new regime for that year and can opt out afresh in a later year.
ITR
Missed the Form 10-IEA due date
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Provisions
Sec 115BAC (now Sec 202); Sec 139(4) (now Sec 263(4))
Analysis
The FAQ says that if you miss the deadline you cannot claim the old regime in your ITR, and a late form gets an 'Invalid Form' status. A belated return under Sec 139(4) does not fix this. So compute tax under the new regime and file by 31 December 2026 to limit fees. For tax year 2026-27, plan to exercise the option by that year's due date.
Close
- Accept the new regime for AY 2026-27.
- Compute tax and file the belated return by 31 December 2026.
- Note next year's due date in your calendar.
- Compare regimes again before then.
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