Re: Can we opt out of the scheme after last date
Since 31st January 2021 is the last date for the scheme can we opt out of the scheme after jan 2022
The assessee cannot opt the scheme after January 2021, unless the Government extend the date of the scheme . Refer Circular No 21 dt 4 -12 -2020 and Circular No 18 /2020 dt 28 -10 -2020
Once form 1 and 2 is filed one is sent form 3 if accepted by DA.Not acting on it as regards form 4 shall automatically lapse the things.It is hoped that no demand was paid at initial stage.