an individual filed his ROI as per old schme in last year. can he file return for the current year as per the provisions of new scheme. and vice versa
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Quick Summary
This discussion clarifies whether individuals can switch between the old and new income tax filing schemes year-on-year. For those without business or professional income, you have the flexibility to choose the most beneficial scheme for each tax year. However, if you have business income and opt for the new scheme, you generally cannot revert to the old scheme in subsequent years.
For the assessee having no business/profession income - U can choose year wise as per your choice. For the assessee having business/profession income - If once u adopted new scheme, u can't switch to old in succeeding years.
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