banner_ad

Itr regime change old to new for Revised ITR after 31 st july 2024

553 views 3 replies

I asked what tax rate applicable for who revised ITR 1 or 2 ,after 31st july 2024 , old to new, portal accepting old to new , but rejecting new to old regime.

Now my big ? Is which slab rate will apply for revised ITR1 or 2  after 31 st july 24

Do they calculate under new slab rate or calculate  under old slab rate without deductions.

For iTR 3 and 4 portal accepting ITR in change regime  but tax slab is same as you filed but without any discussions.

To my opinion portal must reject revised  ITR new to old or old to new, for ITR 3&4

 

Replies (3)

If someone revises their ITR (Income Tax Return) from old to new regime after July 31, 2024, the tax rates applicable will be: - For ITR-1 (SAHAJ): - Tax rates as per the new tax regime (Section 115BAC of the Income Tax Act) - No exemptions or deductions (except for Section 80CCD(2)) - For ITR-2 (Individuals and HUFs not having income from business or profession): - Tax rates as per the new tax regime (Section 115BAC of the Income Tax Act) - No exemptions or deductions (except for Section 80CCD(2)) Note that the portal may accept revisions from old to new regime, but reject revisions from new to old regime. Please consult a tax

So you mean to say  revised ITR 1  and ITR 2 old to new allowed after 31st july 24 and tax slab applied will be. As per new tax slab rates.

So you mean to say  revised ITR 1  and ITR 2 old to new allowed after 31st july 24 and tax slab applied will be. As per new tax slab rates. Just say yes or no


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details