Effective A.Y. 2024-25, the new tax regime is the default. Taxpayers with business or professional income must file Form 10-IEA to opt for the old ...
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ITR Filing Alert: Why Form 10-IEA Is Crucial When Switching Tax Regimes to Avoid Lower Refunds
As the last date for filing Income Tax Returns (ITR) for FY 2024–25 draws near, taxpayers must carefully choose between the old tax regime and the new tax regime while filing their returns. However, ...
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