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Change of Tax Regime in case of Income from Business - Profession

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(Querist)
19 May 2024 I am having Income from Business & so i am filing ITR 3 for FY 2023-24

My Tax Liability under both Old and New Regime is Nil

But ITR form is showing New Tax Regime as default regime. For Opting out of new regime, i have to file form 10-IEA ?

In all earlier years i have filed return under Old regime.

If I file return for FY 2023-24 under New regime , Can i Switch to Old Tax Regime in future Financial Years. ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 May 2024 Yes, you will get chance to opt in 'Old regime' one time.

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