Thursday, November 10, 2022

Can you change income tax regimes while filing revised ITR?

Effective from FY 2020-21, an individual has an option to contine with the old, exisiting income tax regime and avail tax deductions and exmeptions. Else, she can also opt for new income tax regime by foregoing those commonly availed deductions. However, what if an individual has opted for one tax regime while filing ITR and wants to opt another one while revising ITR.

from Tax-Wealth-Economic Times https://ift.tt/jRk3ufX

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