Financial
MPR Sanjay Kumar (3118 Points)
08 February 2022can people can easily change old regime and new regime is there any option
which person only having full rights to change the year resume tax paying their wish
MPR Sanjay Kumar (3118 Points)
08 February 2022
Chetz Rao
(114 Points)
Replied 08 February 2022
Individual not having business income can opt for any regime year to year which is beneficial to them. But Individual having business income will have one time option to go under new regime by filing form-10IE, Once he come out of new regime scheme he cannot able to file again under new regime in any upcoming year
MPR Sanjay Kumar
(3118 Points)
Replied 08 February 2022
Chetz Rao
(114 Points)
Replied 09 February 2022
There are only limited deduction benefits such as 80CCD(2) , and you are not eligible to carry forward loss, you are not eligible to Interest on housing loan( if it is self occupied)