REGIME CHANGE ITR3 OR 4 FOR AY 25 - 26

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WE FILLED ITR 3 IN OLD REGIME BY OPTING OUT (10 IEA) OF  NEW REGIME, CAN WE FILE ITR 3 IN NEW REGIME BY OPTING OUT (Taxpayer having Business Income can use Form 10 IEA to “Opt out or Re-enter” in the New Tax Regime) OLD REGIME 

TRUE OR FALSE?

 

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FROM IT SITE

13.Form 10-IEA is applicable on me and now I want to withdraw the option of old tax regime in my ITR. What is the procedure for the same?

In case you opted old tax regime in earlier Assessment Year and you want to ‘re-enter’ the new tax regime, then you need to file Form 10-IEA for withdrawal of option in the form for the upcoming assessment year.

https://www.incometax.gov.in/iec/foportal/help/statutory-forms/file-statutory-form/popular-form/form-10-IEA-um


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