Updated ITR for AY 22-23 and AY 21-22

This query is : Resolved

Shantanu Bose (Querist)
Follow

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

Kowsalya

Kowsalya (Expert)
Follow

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.

Shantanu Bose

Shantanu Bose (Querist)
Follow

17 March 2025 Thank you very much madam for your help and clarification

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok