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SECTION 115BAC FOR AY 2025-2026

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Hemkumar

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06 August 2025 If a taxpayer having income from business or profession has opted for the old tax regime for the Financial Year 2024-25, he shall be allowed to switch to the new tax regime for the Financial Year 2025-26 only once. However, once the new tax regime is opted, he shall not be eligible to switch back to the old regime in any subsequent year, unless the business or professional income ceases to exist. is this correct??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 August 2025 Absolutely correct...

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2025 Good Luck...

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