I filed ITR 2 for AY 2022-23 with income under Salary, Capital gain & other sources opting Old Scheme. However I realised that New Scheme is more beneficial. Can I file revised return now under New Scheme? Will it attract any enquiry from IT dept? I am a retired senior citizen.
Ans: Taxpayer can file a revised return in a case where there is an omission or a wrong statement. In my view, there is no omission or wrong statement in your case, hence if you revise the return, it can be subject to litigation.