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INCOME TAX NOTICE for claiming deduction and verifying later

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SUNNY

Designer

48 Points Posted on 04 February 2025

I filed the return before 31july under old regime but forgot to verify it and relised my mistake in december and verified it, i had claimed 1.5 deduction. now i have got below notice from itr. Is it possible to revise the retun and file it under the new regime? how do i deal with this because accepting this will more more tax liability, pls help.

The taxpayer has to
file the ITR within
the due date to
exercise the option
u/s 115BAC(6) for
opting out of new tax
regime. Since the ITR
has not been filed
within the due date,
as per the provision
of sec 115BAC, any
deduction/allowance
claimed other than
those which are
allowed u/s 115BAC
will not be allowed

Replies (3)

Quick Summary

A taxpayer filed their return under the old regime before the deadline but forgot to verify it until December. They claimed a deduction of 1.5 lakh and have now received an Income Tax notice. The core issue is whether they can revise their return to opt for the new tax regime, especially since accepting the notice would increase their tax liability. The advice suggests that since the return wasn't filed within the due date, claiming deductions under the old regime is no longer possible, and revising the return is also past the deadline.