Dear Sirs, Whether medical professionals have the option to choose between the old and the new tax regimes every year or not. Please guide
Option to choose between old & new tax regimes
CHANDRASEKHARA RAO VALLALA (4 Points)
07 December 2021CHANDRASEKHARA RAO VALLALA (4 Points)
07 December 2021Dear Sirs, Whether medical professionals have the option to choose between the old and the new tax regimes every year or not. Please guide
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 07 December 2021
Individuals with business income will not be eligible to choose between the two regimes every year. Once they select a new tax regime, they have only once in a lifetime option for switching back to the old regime. Once they switch back to the old regime, they won't be able to choose a new regime anytime in future.
CHANDRASEKHARA RAO VALLALA
(4 Points)
Replied 07 December 2021
18E0343 V Pradhish
(243 Points)
Replied 07 December 2021
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