Can you change your tax regime from new to old and vice-versa, while filing ITR? Not always

For FY 2024-25, the new tax regime is the default, impacting ITR filing. Switching to the old regime requires careful consideration, especially for those with business income who must file Form 10-IEA before the due date. While revised ITRs allow regime changes, belated ITRs restrict this option, emphasizing the importance of timely filing.

from Tax-Wealth-Economic Times https://ift.tt/ZP2RD49