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E filing return and late filing

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Biju Periyadan

21 Points Posted on 27 February 2025

One person filed income tax return on 31 july2024 in old regime. But failed to everify within stipulated time and verified on 8 October. Now the return is processed as in new regime and got demand of more than 20000 Rupees. Is there any chance to consider the same in old regime and avoid the calculated tax in new regime

Replies (2)

Quick Summary

If you filed your Income Tax Return but failed to verify it within the deadline, your verification date becomes the official filing date. This means your return will be processed under the new tax regime, even if you initially filed under the old one. Unfortunately, you cannot revert to the old regime or avoid the tax demand generated under the new regime due to this late verification.

Nikhil Kaushik

Fellow CA

70840 Points Posted on 27 February 2025

no. in absence of verification of the return within the allowed period, the date of verification shall be considered as the date of filing. Since this date was after the deadline for 139(1), you wont be able to claim the benefit of new scheme.

EZTax India

Employer

22 Points Posted on 28 February 2025

If you have not e verified within 30 days, your date of e verification will be considered as date of filing and it will be treated as Belated return. hence it will be process under New Tax regime and you are required to pay that demand. you cannot avoid the tax and it cannot be processed under Old tax regime.

https://eztax.in/important-steps-after-itr-efiling