banner_ad

REGIME CHANGE ITR3 OR 4 FOR AY 25 - 26

540 views 2 replies

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?

 

Replies (2)

FALSE. Once you've opted out of the new regime by filing Form 10IEA and filed ITR-3 in the old regime, you cannot opt-in to the new regime in the same financial year. However, you can opt-in to the new regime in the subsequent financial year by filing Form 10IEA again. As per the Income-tax Act, 1961, once a taxpayer has opted out of the new regime, they can re-enter the new regime only after a period of two years. So, if you've already opted out and filed ITR-3 in the old regime, you'll need to continue filing in the old regime for the next two years before you can opt-in to the new regime again.

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details