Old Regime & New Regime

SHIRISH S S (Proprietor) (1078 Points)

02 June 2025  

I filed my return for AY 24-25 (FY 23-24) in old regime. I want to switch to new regime. I filled form 10IEA online but not submitted yet. 

The last line of form says 

"I also declare re-entering sub-section (1A) of section 115BAC of the Act shall render the person referred to 
at serial no. 1 having PAN at serial no. 2 ineligible for opting out of sub-section (1A) of section 115BAC"

Is this statement correct?