COMMON ITR ISSUES AND FAQ’S FOR FILING RETURN FOR AY 2024-25
Q.1: Taxpayer is unable to choose ITR 1/ 4 from drop down for AY 2024-25 as the option is greyed
o” while ling return?
Ans: In case taxpayer has special rate of Income and TDS is deducted for such income (For Ex:
115BB), then ITR 1 and ITR 4 are not applicable for such taxpayer. So, the respective dropdowns
are greyed o. In this case, taxpayer is required to le ITR Form 2 or 3 as applicable.
Q.2: Schedule VIA for claiming deductions is not enabled while ling the ITR for AY 2024-25?
Ans: From AY 2024-25, new tax regime has become the default tax regime and VIA deductions cannot
be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section
115BAC of the Income Tax Act, 1961. In case taxpayer wants to claim any deductions (as
applicable), then taxpayer need to choose for old tax regime by selecting “Yes” option in ITR 1 /
ITR 2 (or) “Yes, within due date” option in ITR 3 / ITR 4 / ITR 5 in the eld provided for “opting out
option” under Schedule ‘Personal Information’ or ‘Part-A General’ in the respective ITR.
Q.3: While ling the ITR, taxpayer is getting bank account validation error. So, how to resolve the
issue?
Ans: Taxpayer has to check that ‘whether a valid bank account detail’ is added under ‘My Bank Account’
tab in ‘My prole’ section in the income tax portal before ling the ITR. Taxpayer should update
the prole correctly before starting the new ling of return. Taxpayer can le ITR using oline
utility in case of facing any issues while validation Bank account. However, pre-validated bank
account is required for issue of refund.
Q.4: In case taxpayer has earned special income like winning from lottery or horse races, then
whether taxpayer is eligible to le ITR 1 and ITR 4?
Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse
races etc, then ling of ITR-1 and 4 is not allowed. So, it is recommended to taxpayer to check
Form 26AS and AIS before ling the ITR.
Q.5: If Form 10IEA is led for AY 2024-25 then is it compulsory for taxpayer to opt for old tax
regime?
Ans: Yes, once Form 10IEA is led for AY 2024-25 then it cannot be reverted in same AY and Taxpayer
need to mandatorily opt for the old tax regime for AY 2024-25. Taxpayer can change the option in
the next assessment year based on the income details and ITR applicability for such Assessment
Year.
Q.6: In which case ling of Form 10IEA for AY 2024-25 is compulsory to opt for old tax regime?
Ans: In the cases where taxpayer wants to le ITR under old tax regime for AY 2024-25 with
Business and profession income i.e., either in ITR-3 or ITR-4, then ling of FORM 10IEA is
mandatory.
Q.7: Taxpayer is unable to claim Interest on borrowed capital of Self occupied property as it is
greyed o?
Ans: From AY 2024-25, ‘New Tax Regime’ has become the ‘Default tax regime’ and claiming of “Interest
on borrowed capital for Self-occupied property” is not allowed as per the provision of Section
115BAC of the Act, 1961. In case Taxpayer wants to claim, then taxpayer must choose ‘Old Tax
Regime’ by selecting “Yes” in ITR 1 / ITR 2 or “Yes, within due date” option in ITR 3 / ITR 4 / ITR 5 in
the eld provided for “opting out option” in the ITR Form.
Q.8: While ling ITR for AY 2024-25, “Taxpayer unable to claim all other deductions other than
80CCD (2)?”
Ans: From AY 2024-25, new tax regime has become the default tax regime where claiming of chapter
VIA deductions are not allowed except section 80CCD (2) as per the provision of section 115BAC
of the Income Tax Act. In case Taxpayer wants to claim any other VIA deductions, then taxpayer
must choose ‘Old Tax Regime’ by selecting “Yes” in ITR 1 / ITR 2 or “Yes, within due date” option
in ITR 3 / ITR 4 in the eld provided for “opting out option” in the ITR Form.
Q.9: Taxpayer is getting error as “Name of taxpayer in ITR does not match with the Name as per
the PAN data base?
Ans: First Name, Middle Name and Last Name in ITR should be same as per the name registered under
My prole section after login on the portal. Taxpayer should update the prole and then download
the latest prell Json for ling return in oline mode or start new ling in Online mode to resolve
these issues.
Q.10: For AY 24-25, Taxpayer led Form 10IEA by mistake and now wish to revoke / withdraw the
same. Can taxpayer withdraw or revoke?
Ans: Once Form 10IEA is led for AY 2024-25, then it cannot be revoked / withdraw in same AY,
Taxpayer must mandatorily opt for the old tax regime for AY 2024-25. But option to ‘Withdraw’ will
be available in subsequent year and it can be changed only once in a lifetime for Business and
profession case i.e. (in case of ITR-3 or ITR-4).
Q.11: Taxpayer unable to claim 10(13A) house rent allowance while ling return for AY 2024-25?
Ans: From AY 2024-25, new tax regime has become the default tax regime where claiming of HRA u/s
10(13A) is not allowed as per the provision of section 115BAC of the Income Tax Act. In case
Taxpayer wants to claim HRA, taxpayer must choose ‘Old Tax Regime’ by selecting “Yes” in ITR 1
/ ITR 2 or “Yes, within due date” option in ITR 3 / ITR 4 in the eld provided for “opting out option”
in the ITR Form.
Q.12. Is there any Form required to le for claiming the deduction u/s. 80DD and 80U?
Ans: In case taxpayer is claiming any deduction u/s 80DD and 80U in the return of income, then it is
recommended for taxpayer to obtain a certicate from the relevant medical authority for such
disabilities in support of deduction claimed under section 80DD/80U and to le Form 10IA as
applicable as per Rule 11A and details of form 10-IA (acknowledgement no. and date) may be
furnished in Sch 80DD/80U of the return.
Q.13. Does Taxpayer require to mandatorily verify the return?
Ans: Yes, verication of ITR after submission of ITR is mandatory. Taxpayer to ensure the return
should be veried within applicable due time of 30 days post successful submission of return
either through EVC mode or DSC. Taxpayer can also download the ITR-V receipt copy available
under View Filed return after login on the portal and send to CPC through speed post within 30
days of ling return for verication of ITR to avoid any further issues. Please note that it is
recommended to complete the verication through Online mode only to avoid any postal
related issue.
Q.14: Taxpayer is not able to choose Yes/No” for “Whether you were director in a company at
time during the previous year” while ling return in ITR 2 / ITR 3?
Ans: This question is applicable only for “Individual”. Please check the Status of the Assessee. If
Status is selected as ‘Individual’, then option “Whether you are a ‘Director’ of a company at any
time during the previous year” will gets enabled and then enter the details and proceed to le
the return.
Q.15: Taxpayer is getting error as “Gross receipts/ Turnover is provided in schedule BP but
nancial particulars such as sundry creditors/Inventories, sundry debtors, cash in hand is
not lled” in ITR 4?
Ans: It is mandatory to ll elds such as ‘Sundry Creditors, Inventories, Sundry Debtors, Cash in
Hand’ under “Financial particulars” in schedule BP in ITR 4. If not lled, it will throw error.
Q.16: Taxpayer led Form 10-IEA and submitting ITR with correct Form 10-IEA details, but still
error is appearing to please enter valid Form 10IEA details?
Ans: Taxpayer to check and validate the Form 10IEA details under “view led Forms’ after submission
of Form 10IEA and then retry ling ITR after entering correct form led details. Also, Taxpayer to
make sure not to submit Form 10-IEA multiple times on the portal.
Q.17: Taxpayer corrected the validation errors which he encountered during ITR submission. But
even after correction when he clicks on “Proceed” errors are still showing?
Ans: It is recommended to try resubmitting ITR in fresh session to avoid such issues after correcting
errors.
Q.18: Taxpayer has entered the amount of deduction u/s 80CCD (2) under Schedule VIA in the
return, but eligible amount of deduction is computing as 0.
Ans: Taxpayer to check if Salary income is provided after selecting the ‘Basic Salary’ drop down under
Schedule Salary for computing the eligible amount of deduction claimed u/s 80CCD (2) of the
Income Tax Act, 1961.
Q.19: Is it mandatory to verify the return through DSC option only for 44AB audit return cases?
Ans: There is an amendment in Rule 12 of Income Tax Rules, 1962 from 1
st
April 2024, where in case
return is being led by Individual or HUF then taxpayers can verify the return through EVC mode
or DSC mode even for 44AB audit applicable cases.
Q.20: What is dierence in new tax regime provision as per section 115BAD, 115BAE and
115BAC of Income Tax Act, 1961, applicable for ling ITR-5 return for AY 2024-25?
Ans: Section 115BAE is the new section introduced from AY 2024-25 for new co-operative Society
resident in India, incorporated on or after 1
st
April 2023, engaged in business of manufacturing.
Such taxpayers are required to pay tax @15% on manufacturing business income and @ 22%
on remaining income. Form 10IFA is required to submit to avail this option.
Section 115BAD is applicable for all other resident co-operative societies registered on or after
1s April 2021, and eligible to opt and pay applicable tax rate @22% on their Total Income. Form
10IF is required to submit to avail this option.
Please note once this new tax regime provision is exercised u/s 115BAD or 115BAE, then same
provision will be applicable for all subsequent AY’s, and it cannot be withdrawn later for any
Assessment year.
Section 115BAC is applicable to all AOP’s (other than Co-operative society) or BOI or AJP, who
are ling return of Income in ITR-5 from AY 2024-25 where taxpayer can compute the tax as per
the revised tax slab applicable for new tax regime and can pay the tax accordingly. Form 10IEA
is required to submit within due date to avail this in case of business income.
Q.21: Is there any requirement to le any form for claiming new tax regime as per provision of
section 115BAD or 115BAE?
Ans: Taxpayers need to le Form 10IF for claiming new tax regime as per section 115BAD and Form
10IFA for claiming new tax regime as per section 115BAE.
Q.22: Is taxpayer required to le Form 10IF or 10IFA every year for claiming the new Tax Regime
in ITR-5 return for Section 115BAD or Section 115BAE?
Ans: No. Taxpayer is not expected to le the form 10IF or 10IFA every year. Taxpayer is required to le
the Form 10IF or 10IFA only once within due date as per section 139(1) in the year in which the
taxpayer wants to opt for the new tax regime for the rst time.
