Rule 136 — Exercise or withdrawal of option for new tax regime

Parent Act Section(s): Section 263

Full Text

Exercise or withdrawal of option for new tax regime.— The option to be exercised or withdrawn under the provisions specified in column B of the following Table, by a person specified in column C thereof, for any tax year shall be in the return of income to be furnished under section 263(1) for such tax year: Table Sl. No. Section Person A B C
199(3) Manufacturing domestic company.
200(5) Domestic company.
201(2) New manufacturing domestic company.
202(4) Individual or Hindu undivided family, or an association of persons (other than a co- operative society) or a body of individuals, whether incorporated or not, or an artificial juridical person.
203(5) Resident co-operative society.
204(2) New manufacturing co-operative society.

[To be populated — interpretive notes, circular references, case law pointers]