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Belated return under new tax regime FY23-24

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asoni

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35 Points Posted on 04 January 2024

Since new tax regime is default regime from FY 23-24. Will it allow to file belated return under new tax regime.

Till FY 22-23 there was no option to file belated return under new regime for salaried individuals.

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Quick Summary

This discussion explores whether it's possible to file a belated tax return under the new tax regime, which became the default from FY23-24. Previously, salaried individuals couldn't file belated returns under the new regime. Participants are awaiting official announcements from the Income Tax Department (ITD) regarding any changes or clarifications on this matter.