# opting
1 posts in `opting` tag
Introducing Form 10-IEA: CBDT's Latest Addition for Business Owners and Professionals Choosing the Old Tax Regime
As per the CBDT release, individuals with business or professional income who wish to opt out of the new tax regime must submit Form 10-IEA before the due date mentioned in Section 139(1) of the Income-tax Act, 1961, for filing their income tax return for the respective assessment year.