Method of opting-out of new tax regime for current AY

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If you have intraday share income, capital gains, and interest income, you need to decide how to opt out of the new tax regime for the current Assessment Year (AY). Intraday share income is treated as business income. To opt out when you have business income, you must file Form 10-IEA. Therefore, you should select 'Answer Set A', which corresponds to opting out via Form 10-IEA.

Pooja

Pooja (Querist)

14 September 2025 I HAVE INTRADAY SHARE INCOME AND CAPITAL GAIN INCOME ON SHARES AND INTEREST INCOME WHAT SHOULD I CHOOSE IN Method of opting-out of new tax regime for current AY ANSWER SET A OR ANSWER SET B

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

14 September 2025 Intraday Share Income: Taxable as business income; needs Form 10-IEA for opting out.
Choose "Answer Set A": Select the method that indicates opting out through filing Form 10-IEA, due to presence of business income from intraday shares.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

15 September 2025 Good Luck...

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