Dear Sir/Madam,
Can individual who have income from profession can avail taxes under new regime ?
Yes, such person can avail but once opted out, cannot avail again.
Asha Vaishnava (Manager - Finance & Accounts) (290 Points)
21 June 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 21 June 2021
Yes, such person can avail but once opted out, cannot avail again.
Asha Vaishnava
(Manager - Finance & Accounts)
(290 Points)
Replied 21 June 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 21 June 2021
No, in case of business/professional income, there is no option to opt for the regime every year unlike salary income. That is, if someone has no business/professional income but salary income, only such person has an option to choose new/old regime every year.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 21 June 2021
In some cases individual who have income from profession can avail taxes under new regime
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