New tax regim
This query is : Resolved
23 October 2024
An individual having business income has filed his return of income under Old Tax Regim till AY 23.25. For AY 2024.25 he wants to file return with Old Tax Regime by filing form 10IEA. Can he go back to NEW TAX REGIME FOR AY 2025.26.
Dhirajlal Rambhia
(Expert)
23 October 2024
For AY 2024-25 he cannot opt for old regime now, unless he had filed form 10IEA before due date of filing ITR.
For AY 2026-26 he can opt for any regime, if relevant ITR filed before due date.
For AY 2026-26 he can opt for any regime, if relevant ITR filed before due date.
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