https://www.taxtmi.com/manuals?id=4547 The Finance Act 2023 makes the new tax regime the default for eligible individuals, HUFs, AOPs (excluding cooperative societies), BOIs and artificial juridical persons, while preserving taxpayers' option to choose the old tax regime. For non-business incomes the regime choice may be made annually on the income tax return filed by the return due date. Taxpayers with business or professional income who wish to opt out of the new regime must furnish Form 10-IEA on or before the return due date; the same form is used to withdraw an election. en-us Fri, 05 Jul 2024 12:54:00 +0530 Fri, 05 Jul 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4547 The Finance Act 2023 makes the new tax regime the default for eligible individuals, HUFs, AOPs (excluding cooperative societies), BOIs and artificial juridical persons, while preserving taxpayers' option to choose the old tax regime. For non-business incomes the regime choice may be made annually on the income tax return filed by the return due date. Taxpayers with business or professional income who wish to opt out of the new regime must furnish Form 10-IEA on or before the return due date; the same form is used to withdraw an election. Manuals Income Tax Fri, 05 Jul 2024 12:54:00 +0530 https://www.taxtmi.com/manuals?id=4547