22 March 2024
I have income of Rs 2 lakhs as business income from intraday trading and Rs 15 lakhs from short term capital gains from share trading. Should I opt for old regime or new regime for the financial year 2023-24?
24 March 2024
I have income from intraday trading under business head.If I opt for old regime for the current financial year I.e 2023-24, will old regime continue to be my default tax regime for the next financial year 2024-25 or will it be changed back to new regime? Can I change to new regime in future years?
24 March 2024
If You filed your previous ITR under old regime then You can continue the same in FY 23-24. No issues. Also if required then You can change the regime in FY 24-25.