https://www.taxtmi.com/forum/issue?id=118662 Assessee originally opted for the new tax regime but omitted savings account interest subsequently reflected in AIS. All income must be included in a revised return; savings account deduction available under the old framework is not permitted under the new regime, so claiming that deduction typically requires filing under the old regime. Filing under the old regime is optional; a revised return retaining the new regime may be filed if it is tax beneficial. The tax portal in the reported instance accepted an updated return filed under the new regime. en-us Wed, 26 Jul 2023 14:42:39 +0530 Thu, 23 Jan 2025 14:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118662 Assessee originally opted for the new tax regime but omitted savings account interest subsequently reflected in AIS. All income must be included in a revised return; savings account deduction available under the old framework is not permitted under the new regime, so claiming that deduction typically requires filing under the old regime. Filing under the old regime is optional; a revised return retaining the new regime may be filed if it is tax beneficial. The tax portal in the reported instance accepted an updated return filed under the new regime. Discussion-Forum Income Tax Wed, 26 Jul 2023 14:42:39 +0530 https://www.taxtmi.com/forum/issue?id=118662