WebJul 14, 2024 · If your employer has deducted taxes basis New tax regime but you want to file returns via Old tax regime, you can do it when filing ITR. Just ensure you have the necessary proofs in case income tax department asks you to show. How To File ITR-1 With Old Tax Regime For ITR-1 Filing via Old tax regime, follow the following detailed process WebMar 25, 2024 · Now, even if TDS gets deducted, you can still get a refund by disclosing the investments, expenses and other deductions while filing your ITR anytime between April 1, 2024 and July 31, 2024, which is usually the last date for filling tax returns.
The importance of selecting tax regime on time Mint
WebNew Tax Regime or Old Tax regime is applicable from FY 20-21. it means that from next year return 31 july 2024 you can process return under this scheme. But Fir FY 2024-20 … WebSep 16, 2024 · As per current income tax laws, you cannot claim the benefit of the new tax regime while filing belated ITR. Not only, you will have to pay taxes according to the old … iremove tool cracked
Filing Revised Income Tax Return Under Section 139(5) - Tax2win
WebOct 7, 2024 · Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404 (f) of the Internal Revenue … Web2 days ago · Accordingly, the taxpayer can choose to file an income tax return under the old tax regime even if no declaration was filed to the employer and taxes are deducted by the employer based on the ... WebOct 28, 2024 · You can select the old regime or the income tax new regime, based on your preference. No income tax needs to be paid if your taxable income is below Rs 5 lakh in both the regimes, and yet there is a tax of 5% on income above Rs 2.5 lakh. This may seem like a conflicting statement. iremove tools ipad