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

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

Posted

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!

National

Today’s News in a Nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including...

By 0 0

Business

ITR e-filing AY 2025-25: What is Annual Information Statement (AIS) and how is it different from Form 26AS? Top points for taxpayers

The Annual Information Statement (AIS) is a comprehensive tool for taxpayers, offering a detailed...

By 0 2

Entertainment

Kajol recalls mom Tanuja working for 20 hours a day

Kajol reflects on her mother Tanuja's profound influence, from witnessing her juggle a demanding...

By 0 2

Sports

'Respect the conditions' - Tendulkar's advice to Gill-led young Indian team

The India-England Test series is set to begin, marked by the introduction of the...

By 0 20

Entertainment

Aamir, Gauri, Rekha, Vicky: Celebs at Sitaare Zameen Par screening

Aamir Khan is gearing up for the release of 'Sitaare Zameen Par' on June 20th, hosting a special...

By 0 27