CHANGE OF TAX REGIME WHILE FILING UPDATED RETURN ASST.YEAR 2021-22

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This query is : Resolved

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This discussion addresses whether an updated return (filed under Section 139(8A)) for Assessment Year 2021-22 can be filed under the new tax regime. The original return was filed late under the old regime, and an updated return is needed to include missed interest income. The consensus is that you cannot change your tax regime when filing an updated or revised return.

JITHESH

JITHESH (Querist)
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14 December 2022 Dear Sir, My query is regarding filing of Updated return U/s 139(8A) for the assessment year 2021-22. The original return were filed after due date under old regime. Some interest income were missed and hence required to file updated return. The income for the year is only from the heads Salary and Other sources. Can the Updated return can be filed under New Regime?