Number of times I can change Tax Regime for ITR-3

[Shrey Shah]

Hi, I have a query in regards to the number of times I can change Tax Regime for ITR-3. (I have Presumptive Income - 44ADA and some short term capital gains)

 

So in:

- FY 23-24, I filed Form 10IEA to OPT OUT of New Regime.

- Then in FY 24-25, I continued with the Old Regime. (Opting out of New Regime). Since I continued with Old Regime, I didn’t have to file Form 10IEA again.

Now, my question is that:

1) In FY 26-27 (next year onwards), can I file Form 10IEA to re-enter New Tax Regime?

Thanks for the help :)

AI Summary

Tax regime change: re-entry to the new regime allowed once by filing Form 10 IEA, and is final for business income.
A taxpayer who has opted out once may re enter the New Tax Regime by filing Form 10 IEA for the later year; that re entry is permitted subject to procedural compliance but operates as a final switch for taxpayers with business or professional income (including presumptive income), preventing subsequent opt outs while such income persists.