An individual informed his employer to deduct T.D.S at lower rate as he will exercise the option under section 115BAC. Now the individual-
A. has to exercise option u/s 115BAC.
B. has no compulsion to exercise option u/s 115BAC
C. has to seek permission from employer if he does not want to exercise option u/s 115BAC.
D. Will have to pay penalty for changing the option later.
Answer:B
An individual informed his employer to deduct T.D.S at lower rate as he will exercise the option under section 115BAC. Now the individual-
A. has to exercise option u/s 115BAC. B. has no compulsion to exercise option u/s 115BAC C. has to seek permission from employer if he does not want to exercise option u/s 115BAC. D. Will have to pay penalty for changing the option later.