New regim

02 August 2023

I want to know that how can I take the new regim of income tax return for the next FY 2023-24 Asstt year 2024-2025 Thanks

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8 Replies

sabyasachi mukherjee (27574 Points)
Replied 02 August 2023

In the new regime you cannot avail all exemptions as per chapter via.
apply thru specific procedure.
wait till the financial ial year ends.

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 02 August 2023

While filling ITR for next AY choose new tax regime

1 Like

Rajat Sharma (499 Points)
Replied 02 August 2023

Thanks

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 02 August 2023

You're welcome

PUTHETY SRINIVASULU (85 Points)
Replied 03 August 2023

New tax regime is a default system from next assessment
year.you have to old tax regime.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 04 August 2023

By default you are under new tax regime. You may change to if required

6 Like

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 06 August 2023

Yes ...

sabyasachi mukherjee (27574 Points)
Replied 06 August 2023

By default the authorities but if you file returns as per old regime then.

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