New tax regime default - prior regime choices do not apply; submit Form 10-IEA to opt for the old regime. The new tax regime is the default regime for the current assessment year; prior choices in earlier years do not apply. To opt for the old regime a taxpayer must submit Form 10-IEA as a fresh election for the current assessment year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
New tax regime default - prior regime choices do not apply; submit Form 10-IEA to opt for the old regime.
The new tax regime is the default regime for the current assessment year; prior choices in earlier years do not apply. To opt for the old regime a taxpayer must submit Form 10-IEA as a fresh election for the current assessment year.
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