Original return under new regime, Revised return under old regime.. possible?
This query is : Resolved
25 October 2024
Dear All,
HUF's original IT return was filed under NEW regime before due date & there was a refund of Rs. 44000/-., Now the assessee wants to revise this return as he forgot to show Tax saver FD of Rs. 150000/- under 80C investment. Had this shown earlier, he would have got refund of Rs. 49000/-.
Can he file a revised return under OLD regime by claiming this 80C deduction??
Kindly guide.
Thanks & Regards,
Suraj
HUF's original IT return was filed under NEW regime before due date & there was a refund of Rs. 44000/-., Now the assessee wants to revise this return as he forgot to show Tax saver FD of Rs. 150000/- under 80C investment. Had this shown earlier, he would have got refund of Rs. 49000/-.
Can he file a revised return under OLD regime by claiming this 80C deduction??
Kindly guide.
Thanks & Regards,
Suraj
25 October 2024
No. Not allowed. Even if you file revised return under old regime, it will get processed under new regime only.
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28 October 2024
You are welcome.
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