banner_ad

Change of regime

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 August 2025 The assessee who is a non salaried senior citizen has filed ITR 3 in AY 2024-25 as there was a small F & O gain. Barring that there was capital gain and income from dividend and interest under new tax regime. This year he does not have any business income. Hence he has to file ITR 2 for income from Capital Gain and other sources like dividend and interest. His taxable income is around 350000 majorly due to Long Term Capital Gain. If he continue in new regime, he has to pay tax. But if he switches to old regime, there is no tax as he can claim interest income deduction of Rs. 50000/- u/s. 80TTA.
Question is can he claim rebate u/s. 87A for long term capital gain? If not, can he switch to old regime to save tax? If Yes, he has to file form 10-IEA?
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
05 August 2025 1. No rebate for LTCG.
2. Yes
3. No; just select old regime in ITR 2 itself.
Profile Image

suren

Profile Image

suren (Querist)
12 August 2025 Thank you so much Sir.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
12 August 2025 You are welcome.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
24 September 2025 Good Luck...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details