Thursday, June 22, 2023

How consultants professionals can continue to opt for old tax regime from FY 2023-24: CBDT issues new rules

The income tax department has issued a new notification regarding how individual taxpayers having business income in the current financial year can continue to opt for the old tax regime to claim common deductions and tax exemptions. Do note that from this year onwards, the new tax regime has become the default tax regime.

from Tax-Wealth-Economic Times https://ift.tt/WXn0NhP

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