RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 May 2024
Sir I'm asking for this one
One of the assessee file his income tax (Salary & Freelancing Income) for AY 23-24 under old regime.
Now, AY 24-25 His filing option is default under new regime as per ITD.
What can he do if continues under old regime...???
or
What can he do if filing under new regime...???
Please give suitable explanation....
I'm asking if he continue with old regime then
Is he want to file form 10IEA...??
Is he want to file form 10IEA new regime (old to new)...???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 20 May 2024
First tell me which ITR you will file?
I mean where you are declaring freelancing income?
Or 1. which ITR you filed in AY 2023-24?
2. Which ITR you which to file for AY 2024-25? & under Which regime?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 May 2024
| Originally posted by : Dhirajlal Rambhia | ||
 |
First tell me which ITR you will file? - In Old Regime -> ITR 4 (Another one ITR 3 - Business) ITR 4 (Another one ITR 3 - Business) |
 |
Sir,
My doubt is about from old to new regime (it's default).
So, What can I do...??
If I file the above said ITRs with default regime, any issues become...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 20 May 2024
No issue if you wish to file these ITRs in New Regime. .... No need to file form 10IEA.
Only if you wish to file under Old regime, file form 10IEA, before due date.
CA. Bhavik P. Chudasama
(Practice)
(4826 Points)
Replied 22 May 2024
Yes Sir,
If in AY 2024-25 he wants to go for old regime he will have to File Form 10IEA before due date
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 May 2024
| Originally posted by : CA. Bhavik P. Chudasama | ||
|
Yes Sir, If in AY 2024-25 he wants to go for old regime he will have to File Form 10IEA before due date |
|
Yes Sir...
But, My opposition is why dept compel this one. Bcoz, Assessee already filed in old regime.
Now it's under new regime as default and assessee want to file form 10iea as per dept changes.
It's very useless follow up (as per my view).
CAclubindia
