Tax regime and Form 10IE

Dear Sir, I don't change my tax regime for A.Y.24-25, I have to submit 10 IE ? when mandatory, It is sole proprietorship business. pls..
Replies (13)
Quick Summary
This discussion clarifies the mandatory submission of Form 10IE for sole proprietorships, particularly when opting for the new tax regime. While ITR-3 is used to continue with the old regime, Form 10IE becomes relevant if you wish to switch to the new one. The conversation highlights the importance of understanding specific tax regulations rather than relying solely on AI-generated information.

To opt for the old tax regime, you should file your income tax return using Form ITR-3. This form is applicable if you are a sole proprietor and want to continue with the existing tax regime for the financial year 2024-25 (assessment year 2025-26) 12. Remember to report all relevant income and comply with other tax laws. If you have any further questions, feel free to ask! 😊

 

@ Tapas Samadder,

No need...

Then why is this 10IE coming up? I searched for for 20 minutes without results

Originally posted by : Yasaswi Gomes new
Then why is this 10IE coming up? I searched for for 20 minutes without results

For Your Reference:

 

https://cleartax.in/s/form-10ie

 

 

https://www.incometax.gov.in/iec/foportal/formsfaqs#:~:text=Q%3B%20Is%20Form%2010IE%20mandatory,Gains%20of%20Business%20and%20Profession.%E2%80%9D

 

 

Originally posted by : Yasaswi Gomes new
Then why is this 10IE coming up? I searched for for 20 minutes without results

Please think about CCI...

CCI is professional platform...

 

All members know about searching details in online platform. They don't need text.

They want solution, answers...

 

😎😎😎

Thats why I gave you a like to answer the queriest and me as well right

Originally posted by : Yasaswi Gomes new
Thats why I gave you a like to answer the queriest and me as well right

Yes May be.

 

But, If we have knowledge then we can give suitable solution. Also short out the question.

 

If we give replies based on AI and Taken from online paragraph then its not give suitable reply.

 

Bcoz, querist can take these kind of articles from online. But, can't understand that paragraphs. Bcoz, the same paragraph also in law book...

Your correct this time as well. Im tuning AI to understand me. Anyways its not working out clearly.

Originally posted by : Yasaswi Gomes new
Your correct this time as well. Im tuning AI to understand me. Anyways its not working out clearly.

It's very simple...

AI CAN'T GIVE SOLUTION (AS A PROFESSIONAL).

ITS GIVE WHAT IS ITSELF EVEN IF WRONG...

 

SO, BETTER TO ACT LIKE ...... .....

@ Yasaswi Ji, I know that if a person want to file ITR 3 or 4 and he want to opt new regime, then he have to submit form 10IE, pls

@ RajaPM its not AI, its the cheap Tax english language that even AI cant analyse. Im doing sometimes coding and getting normal results. Ratios, AS principles etc and all are accurate. 

Lol

But, it's not Your own experience or

Expertiseor Profession or own...

 

😎😎😎

Originally posted by : RAJA P M
Lol

But, it's not Your own experience or

Expertiseor Profession or own...

 

😎😎😎

 

Absolutely true! 

 

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