If the person does not have income from business or profession, the option to opt for section 115BAC made is valid for:
A. The assessment year for which the option is exercised.
B. The assessment year for which the option is exercised and next two years.
C. The assessment year for which the option is exercised and all subsequent years.
D. None of the above
Answer:A
If the person does not have income from business or profession, the option to opt for section 115BAC made is valid for:
A. The assessment year for which the option is exercised. B. The assessment year for which the option is exercised and next two years. C. The assessment year for which the option is exercised and all subsequent years. D. None of the above