Nikhil Kaushik
(Fellow CA)
(85706 Points)
Replied 02 April 2024
if you are filing ITR-1 or ITR-2, then not required.
CA Roomi Gupta
(FCA)
(149 Points)
Replied 02 April 2024
From FY 2023-24 (AY 2024-25) onwards New Regime is default regime and if any taxpayer wants to opt Old Regime then he has to file a form 10IEA in case he is filing ITR 4 or ITR 3 in case of business or Profession.
Garg Enterprises
(10 Points)
Replied 02 April 2024
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(604 Points)
Replied 03 April 2024
No, not required to file FORM 10IEA
Nikhil Kaushik
(Fellow CA)
(85706 Points)
Replied 03 April 2024
if you have business income, once you have chosen new regime, you cannot revert to the old regime.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
