New tax regime for Salary
yashmitha (student) (79 Points)
15 May 2023
can new tax regime be opted for salary if I have business income from futures trading?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167898 Points)
Replied 15 May 2023
Individual (& HUF) can opt for new tax regime only for once. So, check if you had opted out from new tax regime earlier.
Though the rule applies only till AY 2023-24. From next AY new tax regime will be as default tax regime.
sabyasachi mukherjee
(27129 Points)
Replied 15 May 2023
yashmitha
(student)
(79 Points)
Replied 15 May 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167898 Points)
Replied 15 May 2023
| Originally posted by : yashmitha | ||
 |
Thank you, if new tax regime is opted then would business income from futures trading be taxed on presumptive basis too? |  |
Yes, no restriction in new tax regime.
sabyasachi mukherjee
(27129 Points)
Replied 16 May 2023
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