Income Tax: FAQs On Form 10IE

FAQ 1: Is Form 10-IE mandatory to file?

Ans: Yes, it is mandatory to file Form 10-IE only in case, you want to opt for new tax regime and have Income under the Head “Profits and Gains of Business and Profession.”

FAQ 2: What will happen if Form 10-IE is applicable to me and I fail to file before filing ITR?

Ans: In case you do not file form 10-IE before filing your ITR, you cannot opt for new tax regime.

FAQ 3: While submitting the form 10-IE, displays “Invalid Input” or “Submission Failed!”. What should I do?

Ans: Before, filing Form 10-IE please update “Contact Details” (or “Key Person Details” in case you are an HUF) under “My Profile” and ensure that all mandatory fields are filled.

After updating your Contact details from your profile, you can re-login and try again.

FAQ 4: While filing Form 10-IE, the AO details or Date of Birth/ Incorporation getting pre- filled. What should I do?

Ans: Please delete the old draft of the form by clicking on “Delete Draft” and try re-submitting Form 10-IE.

FAQ 5: While submitting the form 10-IE, designation of Karta of HUF is not getting pre-filled under Verification tab. What should I do?

Ans: You are requested to update the “Key Person Details” under “My Profile” section. Re-login to the e-Filing portal and try again.

FAQ 6: I do not have any business income. While filing Form 10-IE, I am unable to select “No” under “Basic Information” tab. What should I do?

Ans: In case you don’t have any business, income and are required to file ITR 1/ ITR 2, there is no need to file Form 10-IE in order to opt for the new tax regime under Section 115BAC of the Income-tax Act, 1961. The option to exercise the benefit under Section 115BAC, in case you do not have business income, can be claimed while filing the respective ITR form (ITR 1/ ITR 2).