OLD method Vs NEW Method of Income tax form
This query is : Resolved
22 December 2022
Pertaining to AY 2021-22. Relating to Salaried employee
Original return was filed in time under OLD scheme. Later after the due date a Revised Return was filed opting NEW scheme. Normally NEW SCHEME option terminates with due date for filing original return. Now Department has issued order ignoring new scheme and not allowing Standard deduction and 80C and other deductions.
Can sec154 petition be filed for this or appeal route can be attempted
Original return was filed in time under OLD scheme. Later after the due date a Revised Return was filed opting NEW scheme. Normally NEW SCHEME option terminates with due date for filing original return. Now Department has issued order ignoring new scheme and not allowing Standard deduction and 80C and other deductions.
Can sec154 petition be filed for this or appeal route can be attempted
CA R SEETHARAMAN
(Expert)
22 December 2022
NEW SCHEME option terminates with due date for filing original return.
Hence 154 or appeal route will not solve your problem.
Hence 154 or appeal route will not solve your problem.
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