Old regime or new regime
This query is : Open
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?
23 March 2024
Opt for new regime...
...
...
23 March 2024
How will new regime be beneficial as I will not be able to claim any deduction
23 March 2024
Fill ITR under two regime and check which is beneficial.
In case of business switch over not allowed more than once.
In case of business switch over not allowed more than once.
23 March 2024
Using 80 c deduction I have to pay 22000 less tax in old regime. Is there any drawback to convert to old regime?
23 March 2024
Only once allowed such conversion.
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?
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.
30 July 2024
Ay24-25On uploading json ITR 3 in income tax login successful validation message but getting error message "In Schedule OS dividendincome cannot be more than dividend income reduced from Schedule BP;Kindly ensure that dividend income in schedule OS is equal to dividend reduced in Schedule BP.You will be allowed to upload return there is possible defect present in return "I have intraday income no account cases and capital gain on shares and dividend income in income from other sources.please help
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