Can an individual opt for new regime of section 115BAC if the individual is earning as fees from professional services? It was heard that if an individual earns as fees from professional services then that individual cannot opt for new regime of section 115BAC. Can anybody please clarify?
Can such individual who earns as fees from professional services opt out of new regime of section 115BAC in the next financial year and switch to the old regime? Can such individual who earns from professional services switch between the old and new regimes in alternate financial years?
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