Do I require to file Form 10-IE?

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Dear Sirs,

I am having business Income and have been continuously filing ITR till FY 2022-23 in the old default tax regime.

I have never opted for Form 10-IE.

In the current F.Y. 2023-24, new Tax regime is the default tax regime. I am having business Income. I wish to file my ITR in the default new tax regime before the due date. Do I require to file Form 10-IE.

Thank you in anticipation of your kind advise.

V.P. Dsouza

 

Replies (3)
Quick Summary
This discussion clarifies whether filing Form 10-IE is necessary when opting for the new tax regime for the financial year 2023-24, especially for individuals with business income who have previously used the old tax regime. The consensus is that Form 10-IE is not required to file an Income Tax Return (ITR) under the new default tax regime.

No. No need to file form 10IE to file ITR under New Regime.

Thank you so much Sir.

You are welcome.                                         

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