Standard deduction of Rs 50,000 from pension under new tax regime

The sources of income are fy 21 -22 are explained . Pls upload necessary details at the earliest. It's not acceptable.Screen shot error is mandatory.

In Budget 2021, the government announced that it has reduced the time to file revised ITR by three months. Till FY 2019-20, an individual was allowed to file ITR till March 31 of the relevant assessment year. However, from FY 2020-21, the last date for filing a revised ITR is December 31 of the relevant assessment year. Thus, the last date to file a revised ITR for FY 2021-22 (AY 2022-23) is December 31, 2022.

How to file revised ITR
The process of filing a revised ITR is the same as filing an original one. However, while filing revised ITR, you are required to file it under section 139(5) of the Income-tax Act. You are required to select the option ' Revised u/s 139(5)' in the 'return filed under' column. The ITR form will additionally ask you for details of the original ITR, i.e., receipt number and date of filing of original ITR.

No same is not available, I think you have selected wrong option .

You are correct in guessing that I had opted for the wrong option.

I , thereafter, opted for section 115BAC (new tax regime) while filing ITR2 today 23.08.2022. But, a very confusing thing happened which I narrate below.

 I am surprised about one feature of the system of e-filing. Why  the system allowed me to opt for new tax regime when I was filing ITR2 u/s 139(4) and it was auto filled? Even the system calculated tax on its basis in the relevant schedule and I paid it online through net banking. Thereafter, I was not allowed to validate and as the reason the system showed that I am not eligible for new tax regime for belated return. Is it not logical that the system should not have allowed me to opt for new tax regime ? However, I further paid remaining tax showed by the system after modifying the schedules where necessary.

Could you please enlighten me ?

Is section 115BAC allowed for return filed u/s 139(1) and not u/s 139(4) ?

 

 

New scheme not allowed if return filed after due date. If Form 10IE submitted before due date and return filed after due date then only new scheme available.