https://www.taxtmi.com/article/detailed?id=16260 New Rule 21AGA lays down the modalities for switching between the old and new income-tax regimes under section 115BAC. A person having income from business or profession must exercise the option in Form No. 10-IEA, while a person without such income may do so in the return of income itself. Withdrawal of the option is also to be made in Form No. 10-IEA, furnished electronically. Related amendments modify exempt allowance benefits, perquisite valuation, and depreciation treatment under the new tax regime. en-us Thu, 23 Apr 2026 08:59:10 +0530 Thu, 23 Apr 2026 08:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16260 New Rule 21AGA lays down the modalities for switching between the old and new income-tax regimes under section 115BAC. A person having income from business or profession must exercise the option in Form No. 10-IEA, while a person without such income may do so in the return of income itself. Withdrawal of the option is also to be made in Form No. 10-IEA, furnished electronically. Related amendments modify exempt allowance benefits, perquisite valuation, and depreciation treatment under the new tax regime. Articles Income Tax Thu, 23 Apr 2026 08:59:10 +0530 https://www.taxtmi.com/article/detailed?id=16260