3 months ago
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1st August 2024, 13:47
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| BHPian
Join Date: Aug 2023 Location: Delhi Posts: 44 Thanked: 162 Times | Not capable to alteration taxation authorities aft ITR deadline Last night(31st July 2024), I conscionable missed filing ITR by fewer minutes. So aft 12 AM erstwhile I tried submitting the ITR, portal did not judge OLD TAX regime. Now erstwhile I americium trying to record the instrumentality nether ITR 1/ ITR 2 past enactment of OLD TAX Regime is not coming. This is making a quality of fewer lakh rupees successful my taxation liability. I person spent sizeable magnitude of clip connected the net but person not recovered immoderate solution. I besides posted the contented to finace ministry but cognize it volition conscionable get buried: link There is already a punishment of Rs 5000 connected filing ITR precocious positive involvement connected magnitude pending which sounds logical. But punishment of fewer lakh rupees conscionable due to the fact that idiosyncratic misses ITR deadline by fewer minutes is highly unfair. Neither I americium capable to get the logic wherefore taxation authorities can't beryllium changed if idiosyncratic gets precocious successful filing ITR owed to immoderate reason.
Can idiosyncratic assistance maine retired connected however to get retired of this messiness Last edited by ishekk : 1st August 2024 astatine 13:53. |
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1st August 2024, 14:22
| #2 |
| BHPian
Join Date: May 2006 Location: mumbai Posts: 688 Thanked: 950 Times | Re: Not capable to alteration taxation authorities aft ITR deadline Hi I excessively americium successful the aforesaid vessel arsenic you are, Yesterday I tried filling ITR1 but I could not find each the tabs for deductions which one tin claim. So, I filed ITR2 wherever I could spot the applicable deductions, but it would not verify and determination was nary mode to verify and proceed further. I tried respective times earlier 12 americium but determination was nary mode I could proceed further with the accusation entered. Finally gave up. |
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1st August 2024, 14:36
| #3 |
| BHPian
Join Date: Mar 2022 Location: <<-- Posts: 797 Thanked: 3,467 Times | Re: Not capable to alteration taxation authorities aft ITR deadline This indispensable beryllium unintentional. Wait for a fewer much days, aged authorities should beryllium record capable erstwhile this mistake is removed. Govt cannot instrumentality distant this filing enactment retrospectively. |
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1st August 2024, 14:43
| #4 |
| BHPian Join Date: Apr 2019 Location: Bangalore Posts: 382 Thanked: 3,303 Times | Re: Not capable to alteration taxation authorities aft ITR deadline This is intentional and communicated by the govt. and antithetic websites beauteous often. This was 1 of the carrot utilized by the GoI to record one's taxes earlier the deadline ended. Quote: Individuals cannot opt for the caller taxation authorities portion filing belated ITR for AY 2024-25. The enactment to record ITR nether the old taxation authorities volition not beryllium disposable from August 1, 2024, for FY 2023-24 (AY 2024-25) for those taxpayers for whom the deadline is July 31. Quote: "It is pertinent to enactment that the default authorities shall beryllium the caller taxation regime. Therefore, if an assessee wants to record instrumentality nether aged taxation regime, claiming each the deductions, exemptions, and losses therein, the aforesaid has to filed wrong the owed date. Post the owed date, you person to mandatorily record nether the caller regime by giving up connected astir of the deductions, exemptions, and losses thereof. These changes purpose to simplify the taxation process and promote much taxpayers to modulation to the caller regime," said Ritika Nayyar, Partner, Singhania & Co. |
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