Revise Return after due date
This query is : Resolved
20 July 2024
Can we revise return after due date under old Tax Regime and New tax Regime Both ??
20 July 2024
Yes, till 31.12.2024 for AY 2024-25.
Only, change of regime will not be allowed.
Only, change of regime will not be allowed.
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20 July 2024
I have Filed ITR 2 on 10th July,2024 under new tax Regime and if demand Raised after due date for Section 111a short term Capital gain Tax (Rebate not allowed ) (Recently Changes Rebate for STCG 111a ) then Can i revised Return under old tax regime ??
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20 July 2024
You cannot change regime in same year.
Secondly, CPC has clarified that the rebate over STCG is not available in both regime.
Secondly, CPC has clarified that the rebate over STCG is not available in both regime.
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20 July 2024
i have filed itr by Paid Software on 10th July . at that time no Tax payble Showing . now paid Software Computation also Showing Tax Payble So What will Happen . CPC will Process this Return By demand or not ???
20 July 2024
There are many assesses who are in same boat. None knows what will be stand of CPC. Either it will cleared as it is, or raise demand. No penalty would be charged.
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20 July 2024
Thanks a lot Sir For Your Replies
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20 July 2024
You are welcome.
24 July 2024
Whenever the CPC processes the returns whether they are filed prior to 5th July 24 the rebate is not going to be allowed. Even if some returns are processed before 5th July and a rebate is allowed may be rectified u/s 154 and demand may be raised.
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