Dear Sir,
For AY 2022-23, as a person having income from profession, I filed my online ITR-4 (at https://www.incometax.gov.in/iec/foportal ) having opted for New Regime on 7-July-2022, well within the deadline for filing IT return for the AY. I had filed form 10IE in the month of June 2022 (for section 115BAC, New regime). The tax calculated automatically in the ITR considered the new regime and I was eligible for a refund.
However, after receiving the the intimation u/s 143(1), I found that the department has not taken into account new tax regime, though the intimation shows opted for 115BAC. The tax has been calculated as per old regime slab rates (I calculated it myself and confirmed it). Thus, my refund amount has been reduced drastically. What recourse do I have?
Shall I file a grievance or shall I file a rectification request?
Kindly let me know the way forward. Thank you
CAclubindia
