136. Exercise or withdrawal of option for new tax regime. | Knowledge Bank

136. 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The option to be exercised or withdrawn under the provisions specified in column B of the following Table, by a person specified in column C thereof, for any tax year shall be in the return of income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
1	199(3)	Manufacturing domestic company.
2	200(5)	Domestic company.
3	201(2)	New manufacturing domestic company.
4	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.
5	203(5)	Resident co-operative society.
6	204(2)	New manufacturing co-operative society.

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