Revise Return after due date
This query is : Resolved
20 July 2024
Can we revise return after due date under old Tax Regime and New tax Regime Both ??
20 July 2024
Yes, till 31.12.2024 for AY 2024-25.
Only, change of regime will not be allowed.
Only, change of regime will not be allowed.
Message likes :
1 times
20 July 2024
I have Filed ITR 2 on 10th July,2024 under new tax Regime and if demand Raised after due date for Section 111a short term Capital gain Tax (Rebate not allowed ) (Recently Changes Rebate for STCG 111a ) then Can i revised Return under old tax regime ??
Message likes :
1 times
20 July 2024
You cannot change regime in same year.
Secondly, CPC has clarified that the rebate over STCG is not available in both regime.
Secondly, CPC has clarified that the rebate over STCG is not available in both regime.
Message likes :
1 times
20 July 2024
i have filed itr by Paid Software on 10th July . at that time no Tax payble Showing . now paid Software Computation also Showing Tax Payble So What will Happen . CPC will Process this Return By demand or not ???
20 July 2024
There are many assesses who are in same boat. None knows what will be stand of CPC. Either it will cleared as it is, or raise demand. No penalty would be charged.
Message likes :
1 times
20 July 2024
Thanks a lot Sir For Your Replies
Message likes :
1 times
20 July 2024
You are welcome.
24 July 2024
Whenever the CPC processes the returns whether they are filed prior to 5th July 24 the rebate is not going to be allowed. Even if some returns are processed before 5th July and a rebate is allowed may be rectified u/s 154 and demand may be raised.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- NON- SUBMISSION OF LLP FORM 3
- Free lancer income
- TDS related Query_Liquidated Damages
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
