Can updated return be filed having salary income and loss from house property under old tax regime?

I HAVE TO FILE FY 2024-25 UPDATED RETURN IN WHICH THERE IS SALARY INCOME AND LOSS FROM HOUSE PROPERTY ..PREVIOUS ALL RETURNS ARE FILED UNDER  OLD REGIME ..NOW CAN I FILE UPDATED RETURN UNDER OLD TAX REGIME?  

Replies (3)
Quick Summary
ITR-U can be filed under the old regime only to declare additional income with extra tax and penalty. It cannot be used to claim house property loss if it reduces tax or results in a refund.

You can only file an Updated Return (ITR-U) for FY 2024-25 under the Old Regime if you are disclosing additional income that leads to an additional tax outflow (plus a 25% or 50% penalty). You cannot use it solely to claim a House Property loss if that loss reduces your tax or creates a refund.

File itr u it is applicable for two financial years return if not filed. 

Penalty falls under different section. 

Whats the gross total income?????

Yes—filing earlier returns under the old regime does not, by itself, prevent you from choosing the old regime for an FY 2024–25 updated return (AY 2025–26). For an individual with salary income, the old regime may generally be chosen in the return, subject to the applicable conditions. If you have business or professional income, the regime-selection rules differ and may require a valid Form 10-IEA election.

A loss from house property may be reported, but an updated return cannot be used to create or increase a refund, or reduce the tax liability compared with the earlier return or the return that should have been filed. Check the figures and the ITR utility’s current rules before filing; the result depends on whether the house-property loss is eligible for set-off or carry-forward and what was reported earlier.

Filing an updated return for FY 2024–25 involves checking the original return, regime choice and treatment of the house-property loss together. Manual review across salary, interest and loss schedules can be repetitive; automation can reduce that work while leaving tax decisions and final review under your control. At Jir AI we provide 2,000+ AI agents and 650+ integrations to streamline your practice’s day-to-day workload. WhatsApp us to explore how it fits your workflow: https://wa.me/message/3HVOZ7HIY4ESC1

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