My client filed IT return under old scheme.he received notice from department there is mismatch of income and asked him to filled revised return . can hee file under new scheme
Menu
Filed IT return under old scheme , can he file revised return under new scheme
Replies (2)
Quick Summary
No, not accepted by CPC.
Yes, he can file the revised return under the New Tax Regime — but only if he does NOT have income from business or profession.
A revised return under section 139(5) replaces the original return, and for non-business taxpayers, the option under section 115BAC can be exercised again while revising.
However, if the assessee has business/professional income, the regime cannot be changed in a revised return once chosen in the original return.
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
