11 June 2025
Dear experts..Last year i did submit my ITR-4 of AY 2024-25 in Old Tax Regime of my business income. I did even file Form 10IEA for choosing Old Tax Regime. Now I want to file my ITR-4 of AY 2025-26 in New Tax Regime. Can i file my ITR in New Tax Regime of AY 2025-26 for my business income?
I kindly request you to please guide me in this matter. Thanks in advance. With regards
12 June 2025
Yes, you can switch back to New Tax regime, by filling form 10IEA before due date. Note that after this switch you will not be able to opt old regime again.