Tax regime switch: why ticking the box is not enough for business, professionals
The rules are different for individuals with business or professional income. For them, opting out of the default new regime, or subsequently returning to it, involves a specific compliance process. More importantly, they cannot move freely between the two regimes year after year. Once they opt for the old regime, they get only one opportunity to switch back to the new regime as long as they continue to have business or professional income.
