16 August 2024
Sir, A practitioner retired in FY 23-24 and has submitted the return in Form 3 for AY 25-25. Now the income in the current FY mainly consists of FD interest, Survival Benefit and from investment in Mutual Fund. A. Is there any formality to be complied with for switching to Form 2 from AY 25-26? B. Is the New Tax Regime more beneficial for Senior Citizen, 80 plus? Kindly advise!
CAclubindia
