Question ID : 44950

Salaried person revised return new regime original return old regime

Salaried person filed return by choosing old regime within due date for ay25-26. Now he wants to file revised return by changing option to new regime. Is it correct as per IT law

Answer ID : 86050

for me not possible...since the revised return can be filed only if there are ommissions or wrong statements in the original return....I dont find any such thing...so strictly interpreting sub sec 5 of 139...not possible

Answer ID : 86060

Yes. It is possible. We filed one Return, where the Assessee, ultimtely got more benefit under New Regime. I understand, the reason is New Regime is under Default. Old Regime is you need to choose/opt. Hence reverse (filed New Regime and wanted to change to Old Regime) is not possible.

Answer ID : 86063

Return to be revised under old regime ( Originally Selected Regime)

Answer ID : 86066

Yes, One can file Updated return without refund.Appicable if income from business / profession is absent

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