Benefit for old and new scheme two business person

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Kollipara Sundaraiah (Querist)
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11 November 2021 Sir,
It assess source of income two types
1.fees collections income
2.sales of medicines income
Question:
Assess benefit of old or new scheme it returns filed two business person.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 November 2021 Benefit under new or old regime is not dependent on any nature of income or gross income, but depends upon the deductions claimed i.e. investment u/s. 80C, 80D, or business depreciation claim etc.
Thumb rule is, if these claims are less, new regime will be more beneficial.

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