Question regarding changing between old and new tax regime

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..... Question regarding changing between old and new tax regime
Query (Issue) Started By: - Jignesh Desai Dated:- 29-11-2020 Last Reply Date:- 2-3-2021 Income Tax
Got 1 Reply
Income Tax
In cas .....

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..... e 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 ? I .....

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..... n 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. .....

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..... Y. 2024-2025 ? Can you substantiate your reply with reference to any rule , circular , notification , etc ? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view once you go to the new scheme t .....

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..... here may not be any reversal to the old one.
Discussion Forum - Knowledge Sharing .....

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