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(Guest)

Tax regime switch

Hi, I chose 'Old Tax' regime during the current FY(20-21), planning to make investments. But I couldn't make them and ultimately paying more tax. I'd like to know if can switch to 'New Tax' regime for this FY(20-21) while filing returns during the next FY(21-22). Is it possible this way to reduce my tax for FY 20-21? Thanks


Learning

 1 Replies

Harendra Kumar (A Practicing Lawyer)     07 April 2021

once you chosen such platform as old patron or new as the case may be such patron is mandatory.    


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