I will be declaring income under 44AD and 44ADA. Can I use the new tax regime?
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New Tax regime and presumptive tax under 44AD and 44ADA
Replies (2)
Yes, you may opt for new regime. Only restriction as of now is that after opting in, if you decide to opt out in the subsequent years, you'll not be able to opt in again unless you don't have any business/professional income.
No one cannot optvboth scheme at same time
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