Can we switch regime while filing ITR-U?
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Can we switch regime while filing ITR-U? Only salary income
Can some expert throw some light please?
Can some expert throw some light please?
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https://www.desidime.com/comments/permalink/10274603
Guys it's for ITR-U under section 139(8A) not normal ITR..
https://www.desidime.com/comments/permalink/10274608
ah now noticed:) hehehe then not aware of it:)
someone please help:)
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https://www.desidime.com/comments/permalink/10274888
ITR-U can be filed only if tax outgo is more than earlier. Also, 25% penalty will be charged for the undisclosed or additional income. They will not refund a penny in updated returns.
https://www.desidime.com/comments/permalink/10274901
No refund allowed in ITR -U. No benefit to our packet . Only we have to pay additional tax including charges and penalty.
https://www.desidime.com/comments/permalink/10274956
I understand...thing is if I choose old regime I need to pay around 3l and if I select new regime, need to pay 2.75L
Can I switch regime in ITR-U?
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As far as I know
1) salaried individuals can switch regime every year
2) business individuals cannot switch once they gone to new regime
some one please confirm this information
and correct me if I am wrong:)