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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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For A.Y. 2024-25, NEW TAX REGIME is default regime for Individual, HUF, AOP (other than co-operative society), BOI and Artificial Juridical Person.
If you want to opt for "OLD TAX REGIME " and you are:
(i) Eligible to file return of income in ITR 1 & 2 , then select relevant option directly in ITR and file return within the applicable due date.
(ii) Eligible to file return of income in ITR 3, 4 & 5 then you MUST file Form 10-IEA before the due date mentioned u/s 139(1).
Please compare the tax liability under the New Tax and Old Tax regime before filing of the return. For computing tax liability please click on the link 'Income Tax Calculator'.
For more details, please find below the links of videos related to Old Regime vs New Regime:
https://www.youtube.com/watch?v=wtxl5-Pt-Ko
Old tax regime option requires filing Form 10-IEA for certain return types to opt out of the default new regime. For assessment year 2024-25 the New Tax Regime is the default; taxpayers wishing to opt for the OLD TAX REGIME should either select the option in ITR when eligible to use ITR 1 or ITR 2 and file by the due date, or, if required to file under ITR 3, ITR 4 or ITR 5, must file Form 10-IEA before the applicable return filing due date; taxpayers should compare tax liabilities under both regimes before filing.Press 'Enter' after typing page number.