Question regarding Old Tax Regime & New Tax Regime

Forums Income Tax Discussion Question regarding Old Tax Regime & New Tax Regime

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #1474
    Jignesh DesaiJignesh Desai

    In case an Individual having Business Income in his return every year opts for the old tax regime for A.Y. 2021-2022 , can he opt for the new tax regime in any subsequent year , for e.g. A.Y. 2024-2025 ?

    In case this is possible & he opts for the new tax regime in A.Y. 2024-2025 , in any later year , can he go back to the old tax regime ? Or will he have to stick to the new tax regime for ever after A.Y. 2024-2025 ?

    Can you substantiate your reply with reference to any rule , circular , notification , etc ?

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.