Income Tax Return e-filing: Can you keep switching between new and...

Dununu.com Dununu

Sponsored

Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know

RSS Feed Business

Posted

67

ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new regime is now the default, requiring taxpayers to actively opt for the old one. This choice can be made at the start of the financial year or during ITR filing, but only if returns are filed by the due date.

Read Full Article

Please log in to like, share and comment!

Bosch expands India footprint: German giant acquires 74.2% in Johnson Controls-Hitachi AC India; marks its biggest global acquisition

Bosch is poised to significantly expand its presence in India by acquiring a 74.2% stake in...

By 0 4

TMC shake-up: Kakoli Dastidar appointed chief Lok Sabha whip; Satabdi Roy named deputy leader

By 0 4

Entire village washed away: Cloudburst triggers flash floods in Uttarakhand - what we know so far

By 0 4

Indra Bahadur Baniya appointed Chief Minister of Bagmati Province

HETAUDA: Indra Bahadur Baniya has been appointed the new Chief Minister of Bagmati Province,...

By 0 12

Investigation report on Federal Civil Service Bill error tabled in House

KATHMANDU: A parliamentary special investigation committee formed to probe an error in the...

By 0 15