Opting the Old Regime

This query is : Resolved

A Khaitan (Querist)
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01 August 2024 One my clients has filed ITR-1 by himself on 24.07.24. He is having Income from Salaries & some professional Income u/s 194J which he had considered under other sources and filed the return under Old Regime under ITR-1. As he was not disclosing any business income the option to opt old regime was selected in ITR itself. Now he has got a notice from department for defective return and wants to file revised return under old regime by showing the income earned u/s 194J under business income by filing ITR-3.

How to proceed in this case as the due date to submit 10IEA was till 31.07.24.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2024 As you will be filing return u/s. 139(9) IT act, system will accept it based on original return filed. File under old regime only.

A Khaitan

A Khaitan (Querist)
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01 August 2024 Sir,as while generating the defective return json, the utility is asking for Form 10IEA Acknowledgement No as soon as the form no is changed from ITR-1 to ITR-4.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2024 In that case you may fill the ITRs acknowledgement no and date, and see if it is accepted.

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