Can you claim the new tax regime benefit while filing belated income tax returns?

Have you calculated your income taxes according to the new income tax regime but missed the deadline to file an income tax return? Then there is bad news for you. If you are filing a belated ITR (tax return filed after the deadline is missed), then you cannot claim this tax benefit. Further, by not being able to claim this tax benefit one, one would have to pay higher taxes now.

from Tax-Wealth-Economic Times https://ift.tt/WYab2xf