ITR-U for FY 2022-23 and 115 BAC

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ghf
76 Points Posted on 27 January 2023

I have opted in new tax regime u/s 115BAC during AY 2021-22 , however while filling updated return for AY 2022-23 getting following error " opting for new tax regime is not allowed for assessee filing ITR u/s 139(8A) for the first time as the due date of opting the same is lapsed".

Error message attached.

Please note that I have duely opted in 115 BAC during AY 2021-22 and not first time in AY 2022-23. Please share your views on whether there is any restrictions on following 115 BAC in AY 2022-23 if ITR-U is being filed.

How to resolve this issue?

 

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On 27 January 2023 at 20:48 Report
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Quick Summary
This discussion addresses an error encountered when filing an updated return (ITR-U) for FY 2022-23 for individuals who opted into the new tax regime (Section 115BAC) in AY 2021-22. The error message incorrectly states that opting for the new regime is not allowed for first-time ITR-U filers whose due date has lapsed, despite the taxpayer having already chosen 115BAC in the previous year. The user seeks clarification on any restrictions for continuing with 115BAC when filing an updated return and guidance on resolving this specific error.

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ghf
76 Points Posted on 28 January 2023

Sir please be more specific... I have already gone through above link but not able to come to conclusion.

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On 28 January 2023 at 07:42
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ghf
76 Points Posted on 29 January 2023

Sir my original question was that whether there exists any restrictions on continuing 115 BAC IN AY 2022-23 if ITR U is being filed. Please note that I have originally opted in for 115 BAC during AY 2021-22

While filing ITR U for A.Y 2022-23 an error appears that  "opting for new tax regime is not allowed for assessee filing under 139(8A) for the first time as the due date for opting in had been lapsed". This was my original question but due to strange reasons its no longer visible.

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On 29 January 2023 at 21:40

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