Hi everyone, need some help with Form 10-IEA / new tax regime selection
My case is like this:
For AY 2024-25, I had business/profession income and I filed Form 10-IEA to opt out of the new regime. The filed form clearly shows “Opting Out”, so I chose the old regime for that year.
For AY 2025-26, I had only salary income and filed ITR-1. I filed that return also under the old regime, not the new regime. So technically, after opting out in AY 2024-25, I have not re-entered the new regime yet.
Now for AY 2026-27, I again have business/profession income and I want to go back to the new regime
So I went to file Form 10-IEA, expecting the form/preview to show “Re-entering” the new regime. But on the preview page it is showing:
“Whether opting out of or re-entering the regime provided under section 115BAC: Opting Out”
This is confusing because I don’t want to opt out again. I already opted out earlier. Now I want to re-enter the new regime.
I don’t want to accidentally submit Form 10-IEA with “Opting Out” and get pushed into the old regime again for AY 2026-27.
Has anyone faced this exact issue?
Should the Form 10-IEA automatically show "Re-entering” in my case?
Or is there some specific option inside ITR-4 where I need to select that I do not want to continue opting out of the new regime?
CAclubindia
