-Default Tax Regime is New Tax Regime u/s 115BAC, it means if you want to opt for Old Tax Regime then you have to select it specifically in ITR Form.
-If you are filing ITR 1 or ITR 2 then you can select any regime Old or New while filing ITR.
-If you are filing ITR 3 or ITR 4 then you can only select old tax regime by Filing Form 10IEA for AY 2024-25 and later on if you want to opt out of old tax regime from AY 2025-26 onwards then again filing of Form 10IEA is mandatory but after that you can't opt for old tax regime again.
-For opt in or opt out of old tax regime you have to exercise the option on or before due date u/s 139(1).
Comentarios