Answer

1. F

   Facts

   Yes, once. You file a fresh Form 10-IEA to withdraw the old regime option and re-enter the new regime, by the due date. After that, you cannot opt for the old regime again while you have business income.

2. P

   Provisions and law

   • Sec 115BAC (now Sec 202)New regime is the default; business filers opt out with Form 10-IEA by the Sec 139(1) due date
   • Sec 115BAC (now Sec 202)New regime is the default; the opt-out for business income must be made by the Sec 263(1) due date and can be withdrawn only once
3. A

   Analysis

   The FAQ explains that business filers can switch back to the new regime only once, using the re-enter option. If you re-enter for AY 2026-27, all later years stay in the new regime unless your business income ends. So compare not just this year but likely future years, for example if you plan a home loan with large interest. The form is filed the same way, with the re-entry option selected.

4. C

   Conclusion

   1. 1Compare regimes for this and coming years.
   2. 2If re-entering, file Form 10-IEA with the re-entry option by the due date.
   3. 3Answer Yes to the re-entry question in the ITR.
   4. 4Remember the old regime is then closed while business continues.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.