136. Exercise or withdrawal of option for new tax regime. [i]
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The option to be exercised or withdrawn under the provisions specified in column B of the following Table, by a person specified in column C thereof, for any tax year shall be in the return of income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
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Sl. No.
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Section
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Person
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A
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B
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C
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1.
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199(3)
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Manufacturing domestic company
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2.
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200(5)
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Domestic company.
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3.
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201(2)
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New manufacturing domestic company
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4.
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202(4)
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Individual or Hindu undivided family, or an association of persons (other than a cooperative society) or a body of individuals, whether incorporated or not, or an artificial juridical person.
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5.
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203(5)
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Resident co-operative society.
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6.
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204(2)
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New manufacturing co-operative society
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[i] This Rule was inserted by N No. 22/2026 dt. 20-03-2026 wef 01-04-2026.
