Revised Return Old Regime

This discussion addresses the possibility of revising an ITR1 filing (salary income) to an ITR4 (business income) under the old tax regime for Assessment Year 2024-25. While the due date for filing has passed, advice is given to declare the income under IFOS for now. Deductions can be claimed under section 57, and the income can be shown under PGBP in the next AY, as the initial filing for Form 10IEA asks about business or professional income.