REGARDING BELATED RETURN IN OLD SCHEME

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This query is : Resolved

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If you've missed the deadline for filing your tax return under the old scheme and have already filed Form 10IEA, you can still file a belated return under the new tax regime. Your tax software might prevent filing under the old regime due to the lapsed due date. You can prepare and upload your belated return (ITR u/s. 139(4)) using the utility or app, which will be processed under the new regime with applicable late penalties.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

02 January 2025 If i have filed form 10iea on 16-sept-2024 and now i want to file belated return under new tax regime being defaukt tax regime can i file the same under new regime...??

Since, original due date to file return under old tax regime is lapsed hence our software is not allowing us to create json under old tax-regime.

What to do in this case?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

02 January 2025 Yes belated return can be filed under new tax regime.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

02 January 2025 What to do in this case?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

02 January 2025 As usual, through utility or app prepare ITR u/s. 139(4) IT act & upload, it will be prepared under new regime with liable late penalty.

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