Dear Sir/Madam,
Can individual who have income from profession can avail taxes under new regime ?
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New regime query
Replies (5)
Yes, such person can avail but once opted out, cannot avail again.
Thank you, year to year thr regime can be changed right ? meaning if this year availed new regime and next year under old regime if that is benefiting
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.
In some cases individual who have income from profession can avail taxes under new regime
Ok thanks
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