Can anyone choose new Tax regime for this Financial year 2021-22 and will go for old Tax regime for next Financial Year 2022-23 ?
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Income Tax old vs new tax rate
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Quick Summary
Yes, if he doesn't have any business income, he can opt in & out any number of times.
But for individuals/HUF having income under head PGBP, it cannot choose new tax regime, once opted out of it.
Sec 115BAC WHAT ARE U TALKING ABOUT?
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