ITR PROCESSES IN NEW REGIME WHEREAS REVISED RETURN WAS FILED UNDER OLD REGIME
This query is : Resolved
10 August 2024
Origianl ITR was filed under NEW tax regime on 22/07/2024 after paying tax of Rs. 2080 and verified on the same day. Although on 26/07/2024 A REVISED return under OLD TAX REGIME was filed claiming refund of Rs. 15000, yet the intimation us 143(1) was issued on 07 Aug 2024 considering the Return filed on 22/07/2024(i.e. NEW One) and there was no reference of Revised Return under OLD TAX REGIME filed on 26/07/2024.
now should i wait for the dept. to process the revised return filed on 26/07/2024 or the intimation issued on 07 Aug 2024 is final.
Does the department do not consider the REVISED RETURN or The REVISED Return is processed separately?
please guide?
now should i wait for the dept. to process the revised return filed on 26/07/2024 or the intimation issued on 07 Aug 2024 is final.
Does the department do not consider the REVISED RETURN or The REVISED Return is processed separately?
please guide?
10 August 2024
Revised return will be processed, but under New regime only.
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10 August 2024
sir i have filed revised return under OLD Regime before the 31/07/2024, still the revised return will be processed under NEW Regime?
10 August 2024
Yes, as original return was filed under Old regime. Change of tax regime in same AY is not permitted.
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