What to do if someone accidentally files Form 10-IEA again for AY 2025-26 (for AY 2024–25 it was already submitted Form 10-IEA to opt out of the new tax regime), can it ever be reversed within the same Assessment Year?
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Accidental Switch to New Regime using Form 10-IEA
Replies (2)
Not possible. Must file ITR in New regime (for ever or till business exists .... )
Form 10-IEA filed again by mistake:
• For business income, opting out of the new regime (via 10-IEA) can be withdrawn only once in a lifetime. If you filed 10-IEA for AY 2025-26 to withdraw the earlier opt-out, you're back in the new regime and can't opt out again (unless you cease to have business income).
• There's no mechanism to cancel a filed 10-IEA. Raise a grievance explaining the error, but expect limited relief.
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