Individual (& HUF) can opt for new tax regime only for once. So, check if you had opted out from new tax regime earlier.
Though the rule applies only till AY 2023-24. From next AY new tax regime will be as default tax regime.
| Originally posted by : yashmitha | ||
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Thank you, if new tax regime is opted then would business income from futures trading be taxed on presumptive basis too? |  |
Yes, no restriction in new tax regime.
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