Our tax preperaor have submitted my last year income tax returns in alternative tax regime under section 115b. This year I wanted to submit in old regime where exemptions are allowed. Kindly advise me how to do it please.
Nageswara rao A
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185347 Points)
Replied 23 July 2022
You can change it every year, as per your wish, provided you do not have any business income.
Otherwise only once.........
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 23 July 2022
Income Tax dept has given option to tax payer to choose the tax regime whichever is beneficial
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 23 July 2022
Which ITR you filed last year
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