Change of tax regime in revised return AY 2024-2025

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This discussion addresses a taxpayer's query regarding changing tax regimes in a second revised Income Tax Return (ITR) for Assessment Year 2024-2025. The taxpayer filed an original return and a first revised return under the old tax regime, receiving an intimation order. After a Form 26AS update, they filed a second revised return under the new tax regime. The core questions concern whether the CPC will process the second revised return under the old or new regime, and what happens if the second revised return is deemed invalid, specifically regarding the validity of the first revised return.

Rahul Singh

Rahul Singh (Querist)
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08 December 2024 Sir
I have filed original return on 8th June 2024 for which I got prime facie adjustment notice in old tax regime. Subsequently I have filed first revised return on 16th July 2024 under old tax regime for which I got intimation order. Since my 26 AS got updated in August 2024 I revise second revise itr in new tax regime on 7th November 2024.which is not processed yet My query is
1.Whether cpc will process my second revise return filed on 7th November 2024 in old or new tax regime.
2. If second revised return got invalid then first revised return for which I receive intimation order will be valid or not and taken as final assessment or not
Thanks
1.W

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2024 1 After due date of filing ITR you can't change regime.
2 First revised return is valid.

Rahul Singh

Rahul Singh (Querist)
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08 December 2024 1. Sir Income tax portal allowed to switch tax regime from old to new in revised return after due date which is 07.12.2024 So my return will process in Old regime . Also how department will know my Deduction and exemption please tell Sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 December 2024 Software is going to process it knows.

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