Assessee opts for old regime of taxation at beginning of FY 23-24.
During the year, Employer deducts his TDS as per old regime considering all the deductions and exemptions.
Now at the time of return filing, Can assesse file return under new scheme of taxation?
Menu
Old V/S New Scheme
Replies (3)
Quick Summary
Yes, no problem.
Yes you can but there might be a case of difference between net tax liability as new regime restricts many of the deductions & exemptions allowed under old one
Read sec 115BAC
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
