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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQ on New vs Old Regime [AY 2024-25] This

Income Tax - Frequently Asked Questions (FAQs)

FAQ on New vs Old Regime [AY 2024-25]

I am filing ITR-5. I want to opt out of new tax regime? Whether Form 10-IFA or Form 10-IEA would be applicable to me?

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Ans. Form 10-IEA is applicable to AOP’s (other than Co-operative society) or BOI or AJP, who are filing return of Income in ITR-5 for AY 2024-25.

Form 10-IFA is applicable to new manufacturing co-operative Societies resident in India filing ITR 5, if they wish to avail New Tax Regime under Section 115BAE for AY 2024-25.

 

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