An individual filed their original Income Tax Return (ITR) under the new tax regime. Subsequently, they filed a revised return under the old tax regime claiming a refund. However, the intimation notice received considered only the original return filed under the new regime. The user is seeking guidance on whether the revised return will be processed separately or if the intimation notice is final, and if a regime change is permissible in a revised return.
10 August 2024
Origianl ITR was filed under NEW tax regime on 22/07/2024 after paying tax of Rs. 2080 and verified on the same day. Although on 26/07/2024 A REVISED return under OLD TAX REGIME was filed claiming refund of Rs. 15000, yet the intimation us 143(1) was issued on 07 Aug 2024 considering the Return filed on 22/07/2024(i.e. NEW One) and there was no reference of Revised Return under OLD TAX REGIME filed on 26/07/2024. now should i wait for the dept. to process the revised return filed on 26/07/2024 or the intimation issued on 07 Aug 2024 is final. Does the department do not consider the REVISED RETURN or The REVISED Return is processed separately? please guide?