In Revised Return Opted for 115BAC whereas in original Belated Return 139(4) not opted for 115BAC
This query is : Resolved
05 July 2022
1) What are the consequences' and which return shall be considered as valid return?
2) What if intimation u/s 143(1) consider the return under old regime and moreover not considering the deduction under old regime( such as 80c, std. deduction from salary)
2) What if intimation u/s 143(1) consider the return under old regime and moreover not considering the deduction under old regime( such as 80c, std. deduction from salary)
05 July 2022
1 Revised return will be considered as valid return.
2 File rectification under section 154.
2 File rectification under section 154.
11 July 2022
When old regime was opted in original return, you cannot change the mode in revised return.
11 July 2022
But portal was allowing to do that.
Pls refer me relevant section/ notification/ circulars for my reference
Pls refer me relevant section/ notification/ circulars for my reference
11 July 2022
What is the status of revised return?
11 July 2022
Intimation received us 143(1) which processed the return under old regime (i.e. under 115bac option - NO) without considering the deduction of 80c which was claimed by assessee in original return.
14 July 2022
What is the status of revised return? Whether still under processing or processed?
14 July 2022
Intimation received u/s 143(1) against which assessee has filed rectification u/s 154, which is under processing.
14 July 2022
You mean to say that during processing of revised return, new regime was not accepted, and hence rectification request filed?
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