CAPITAL GAIN IN NEW REGIM
This query is : Resolved
04 February 2025
There is a sale of residential property in current year after July 2024 budget which was purchased in year 2001 if we take benefit of COI(i.e. old regim) then other income such as business income , rent income etc. can be shown in new regim scheme???. I understand that there is no connection between the selection of regim for calculatioin of capital gain tax in new and old regim and rest of income under old or new regim.
04 February 2025
The indexation benefit is available in both regime. You can file ITR in any one regime for all income declarations. If you have business income you cannot change regime every year.
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