Demand notice from income tax due to wrong tax regime selected by department

AlgoEye · January 15, 2024, 12:07pm

Yeah, Can only file ITR-U now or rectification.

Prasad_MJ · January 15, 2024, 4:31pm

Thank , I am facing same problem,
Hopefully it gets resolved

Regards,
Prasad

Prasad_MJ · January 16, 2024, 1:19pm

Any updates on this matter??

Regards,

Prasad

AlgoEye · January 17, 2024, 4:26am

Its not picked for processing yet. I don’t know if CPC has some time to pick this or if i can do something to get it processed , any way filling grievance or something?

I filled grievance today to process it lets see

Prasad_MJ · January 18, 2024, 5:23am

Hi,

I am approaching Incometax office today

Let’s see

Regards,
Prasad

Prasad_MJ · January 18, 2024, 7:57am

Hi,

Income tax office said with help of CA submit 1192b form to dept.

If u r lucky it will be through.

Regards,
Prasad

AlgoEye · January 18, 2024, 8:25am

Its condonation of delay:

System not allowing , you will do it offline?

Prasad_MJ · January 18, 2024, 8:36am

Hi,

Yes offline.

Approached CA , he will check probability.

Waiting for his feedback

Regards,

anjul_meid · January 25, 2024, 4:15pm

@AlgoEye Hello sir is there any update on processing?

AlgoEye · January 25, 2024, 4:32pm

No updates, its still not picked up for processing yet

AlgoEye · January 28, 2024, 6:48am

@Quicko @Jason_Castelino

Just wanted to check, below is the status showing in ‘Response to Outstanding Demand’ page. My Updated ITRU has not been processed yet( Successfully e-verified stage.)

Do you feel any actions pending from myside now? I just wait for Updated Return to get it processes right?

Jason_Castelino · January 28, 2024, 7:59am

I suggest you to wait for sometime.

AlgoEye · January 28, 2024, 10:50am

Many thanks for your reply.

Arpit_Gupta1 · February 23, 2024, 8:35am

I am also facing the same issue . Clent was filed the ITR 1 before the due date but he offered more income in revised return and carry forward loss in speculative business and filed ITR 3 before 31 dec in new tax regime. He was also filed form 10 ie at the time of filing of ITR 3 before 31 dec .The department has processed the return us 143(1) and disallowed the new tax regime because form 10 ie filed after the due date and calculated the tax in old regime . Can I filed ITR 2 with the help of updated return and revoke the loss which was carried forward in revised return?

Quicko · February 24, 2024, 8:20am

Hey @Arpit_Gupta1,

You can file an updated return, however, it is recommended to report the business income. You can file ITR-U under the old tax regime and claim all the deductions (if you had made any investments).

Prasad_MJ · March 18, 2024, 8:30am

Hi All ,

Any positive developments/ conclusion on these type of cases ?

Regards,
Prasad

Prasad_MJ · March 18, 2024, 2:13pm

Hi ,

One CA told me that
It is incometax site fault , how come it allowed to Incometax if 10ie not filled.

Regards
Prasad

AlgoEye · March 22, 2024, 5:55am

10IE should not exist at all, the info they ask there is repetitive in ITR form( I may miss some nuances in this argument )

kanth15 · April 14, 2024, 5:47am

I have filed rectification return with Form 10IE generated number. Not sure why the system is allowing to generate 10 IE number if the due date was 31st July only. Let us see what happens.

kanth15 · April 20, 2024, 6:16am

Looks like filing Rectification request under section 154 is the best for this. I have seen one similar case where the tax return has been processed without any demand. Hopefully mine also gets processed in same way.