Home Forum Income Tax Month 7 2023 2023 (7) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Updated return (New Regime) - Income TaxExtract An assessee having salary income had filed return for AY 2022-23 FY 2021-22 under the new scheme u/s 115BAC within the sec. 139(1) due date. While the said filing, the assessee omitted to report Savings A/c interest in the return. Now, he has received e-compaign mail since the interest income was reflected in AIS. Now, while filing the updated return:- 1. whether the entire income including salary has to be reported under old regime and thr pay additional tax (i.e. inuding the difference tax between old and new scheme) (this is how software is computing) 2. Whether interest income alone is to be shown under old regime (if yes, how?) 3. Whether interest income also can be declared under the new regime since it was originally opted within due date prescribed (if yes, how?) (ideal situation in my opinion)
|