Switching Tax Regieme each year

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Sales professional
84 Points Posted on 05 January 2024

1. Can we Switch Tax Regimes each year (from old to new and viceversa). Is there a recent change on this.

     (Individual with no business income)

2. In new regieme, can we claim LTCG for property sale - higher TDS deductetd.

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On 05 January 2024 at 15:02 Report
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Quick Summary
This discussion clarifies whether individuals can switch between tax regimes each year. It confirms that switching is permitted and also addresses the ability to claim Long Term Capital Gains (LTCG) on property sales under the new tax regime, including implications for higher TDS deductions.

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Accountant
1227 Points Posted on 05 January 2024
1. yes

2. yes
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On 05 January 2024 at 15:55
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Profession
28267 Points Posted on 05 January 2024
Switching tax regime each year .
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On 05 January 2024 at 16:31

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