Clarification on Old to new regime - 10-IEA
This query is : Resolved
26 June 2025
I have some business income - freelance (presumptive tax) plus other income. Till now (FY-23-24), I had filed tax in old regime in ITR4 or 3.
Last year (FY-23-24) as default was new tax regime, I filled 10-IEA to opt for Old tax regime for filling my returns.
This year (FY-24-25) and moving forward wanted to use new tax regime with ITR4 / 3 (with Business income).
So do I need to file 10-IEA to "opt in" for new tax regime this year (FY-24/25) for ITR4 /3 or will it be automatically default to new tax regime.
Kindly clarify.
Last year (FY-23-24) as default was new tax regime, I filled 10-IEA to opt for Old tax regime for filling my returns.
This year (FY-24-25) and moving forward wanted to use new tax regime with ITR4 / 3 (with Business income).
So do I need to file 10-IEA to "opt in" for new tax regime this year (FY-24/25) for ITR4 /3 or will it be automatically default to new tax regime.
Kindly clarify.
26 June 2025
You need to file Form 10IEA before 31.07.2025 to opt out of old regime (permanently).
26 June 2025
wont the due date be 15 September now?
27 June 2025
Practically, form 10 IE were not accepted (while processing of ITRs) in AY 2021-22 even though the due date of filing was extended first till 31-12-2021 & again to 15-03-2022. May be software issue!!
27 June 2025
thats the power of department - what you cannot do by act and rules, do it via software!
27 June 2025
True, but same rule applies for ITR U, if form filed before 31st July in relevant year it is considered; not otherwise.
28 June 2025
You are welcome.
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