Return ITR2 d

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This query is : Resolved

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A taxpayer filed their ITR-2 under the new tax regime, missing out on deductions like HRA and medical expenses for senior parents. Although they received no demand or refund, they now wish to claim these deductions. It's confirmed that once the new regime is selected, it cannot be changed in a revised return, and these specific deductions are only available under the old regime. The advice is to check for any deductions missed that *are* eligible under the new regime and file a revised return if applicable.

Sanjay

Sanjay (Querist)

03 September 2024 Sir,

Please solve my below query:
My one of the relative is filed ITR 2 return and selected New system his TDS deducted amount of Rs. 69000/- and he earn capital gain Rs. 20000/- including long term & short term he also paid caiptal gain tax.
but lack of knowledge he submitted return without deduction like HRA deduction, medical parents etc.
this effected to his return he did not any refund.
Now recently he received CPC order against return submitted their is no demand and refund but now he want he submit again return claiming the deduction like hra, medical expenses for senior parents etc.

Kindly guide whether he can file again revised return then how to file and what option to choose.

Thanks & Regards.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

03 September 2024 Once chosen New regime, he cannot change to old regime in revised return.
Moreover these exemptions are available only in Old regime, not eligible in New Regime.

Sanjay

Sanjay (Querist)

04 September 2024 Thanks sir for your valuable information . then how can he now refund ? if possible reply

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

04 September 2024 Check for any deduction/s eligible under new regime, which might have been missed in original ITR. If so, file revised return.

Sanjay

Sanjay (Querist)

06 September 2024 Thanks sir , its help me to file return.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

06 September 2024 My pleasure.