A recent case in the Income Tax Appellate Tribunal (ITAT), Delhi shows why picking the right and skilled chartered accountant matters for filing your income tax return (ITR). This case is about Mrs Sharma from Dilshad Garden, Delhi, India. She had filed her ITR under the old tax regime but paid taxes based on the new tax regime. This mismatch between her ITR and tax payment led to a tax demand notice.
Mrs Sharma was unaware of this serious error, since she had hired an accountant to file her ITR using the ITR-1 (Sahaj) form. She gave him all the documents and information. The accountant mistakenly filed her ITR under the old tax regime for AY2024-25 , even though the tax was calculated using the new tax regime.
