Updated ITR for AY 22-23 and AY 21-22
This query is : Resolved
17 March 2025
Sir,
I've to file ITR-U for AY 22-23 and AY 21-22 after 1st April 25 according to budget 25 provisions and I've not filed ITR u/s 139(1) for both assesment years.
My question is,
Can I file both ITRs in old tax regime or I've to file both in new tax regime compulsorily?
Thanks
I've to file ITR-U for AY 22-23 and AY 21-22 after 1st April 25 according to budget 25 provisions and I've not filed ITR u/s 139(1) for both assesment years.
My question is,
Can I file both ITRs in old tax regime or I've to file both in new tax regime compulsorily?
Thanks
17 March 2025
Hello,
Filing of income tax returns under the new tax regime is the default from AY 2024-25 onwards. For prior assessment years, if no income tax return was filed, the updated return must be filed under the old tax regime.
Now if an updated return is filed under the new tax regime for these earlier years, it will still be processed under the old tax regime — because the new regime can only be opted for within the original due date specified under Section 139(1) of the Income Tax Act.
Filing of income tax returns under the new tax regime is the default from AY 2024-25 onwards. For prior assessment years, if no income tax return was filed, the updated return must be filed under the old tax regime.
Now if an updated return is filed under the new tax regime for these earlier years, it will still be processed under the old tax regime — because the new regime can only be opted for within the original due date specified under Section 139(1) of the Income Tax Act.
17 March 2025
Thank you very much madam for your help and clarification
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