Revised ITR2 for AY 2023-24 from old to new regime

This query is : Resolved

vijay (Querist)
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02 August 2023 Dear Sir,

At the last moment i.e. 31-3-2023 our CA filed the ITR 2 for being salaried and having capital gains while filing the return under the old regime, there was a message for beneficial under the new regime when I asked to go for the new regime, he said that he needs to file form 10ie and it takes one day for approval before the due date and there is no time, After going home, I just listened to a video about 10ie and found that it is required only for that individual who has business and professional income and not for salaried, however, salaried must opt at the time of filing the returns and need not file 10ie. Can we file a revised return under the new regime and get a refund for what we paid under the old regime? I think there is 8000 excess we paid.

Please suggest

Ravikant

Ravikant (Expert)
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02 August 2023 10ie is applicable only for person having business or professional income. Salaried individual can opt for new regime while filing revised ITR. ITR can be revised only if filed before the due date. I believe you have wrongly quoted the due date as 31.03.2023 instead of 31.07.2023. If it is for AY 2023-24 for salaried and filed before 31.07.2023 you can file revised ITR and opt the new regime.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 August 2023 Yes you can file revised return under new regime and claim refund

vijay

vijay (Querist)
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02 August 2023 Sorry for the date. it should be 31st July 2023. we have filed on 31st July 2023 at 10 pm. Will I be able to revise the return and file under the new regime and claim the refund?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 August 2023 Yes, file revised return under new regime and claim refund.

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