The assessee has filed his returns all these years up till A.Y. 2023-24 under the old regime. He has income from other sources and small profit from Futures and Options which he declares under business income. From A.Y. 2024-25, default regime is New Regime. However, he wants to continue to file his return under old regime as that is more beneficial to him for A.Y. 2024-25.
I suppose he is required to file Form 10IE before uploading his income tax return. Am I right in this case? Or as he filed all his previous returns under Old Regime so he does not have to file form 10IE?
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