Assessee having business income
FY 2022-23 - Going to file under Section 115BAC
For FY 2023-24 - Default regime is 115BAC. Can I opt for old regime in FY 2023-24?
Assessee having business income
FY 2022-23 - Going to file under Section 115BAC
For FY 2023-24 - Default regime is 115BAC. Can I opt for old regime in FY 2023-24?
Yes, Need to file form for change in regime.
Thanks for your reply. One more doubt.
If he opts old regime in FY 2023-24, can he file under 115BAC in FY 2024-25?
As per present rules, unless you declare income under head PGBP, change of regime is allowed every year.
So, yes. Unless any new regulations declared in new budget, 2024.
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