Income tax filing FY 23-24

Dear Experts

Can anyone please help me.

I am trying to file my ITR 1 salary income if i select old tax regime i couldn claim any deduction if i select new tax regime  i can able to claim all the deduction. can anyone know the reason for the same. 

 

Thank you 

Vijith T K

 

Replies (5)
Quick Summary
This discussion addresses confusion around filing Income Tax Return (ITR) for FY 23-24, specifically concerning the old versus the new tax regimes. A user found they could claim deductions under the new regime but not the old. Guidance was provided that to select the old regime, one must explicitly opt out of the default new regime by answering 'Yes' to the relevant question in ITR 1. It was also clarified that once an ITR is filed under the new regime, it's not possible to change to the old regime for the same assessment year.

You concept of choosing old regime is incorrect.

You have to opt out of default new regime by selecting YES in the query, to choose OLD regime.

Sir while filling ITR 1 it's by default old regime only, even I am prefer to file my ITR as per the old tax regime only... But I am unable to claim any deduction. 

 

Can you please help me to file the ITR as per the old tax regime 

In ITR 1 .....  column.....

(A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”)  Yes  No 

Select ......   YES.

 

Thank you for your help and support 

 

I field ITR as per new tax regime, Can i able to do revised return now selecting the old tax regime will i get a refund for the same 

No. Now not eligible to change the tax regime for same AY.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details