Mr. Ashish born on 1.4.1964 furnished his return of income for Assessment Year 2024-25 on 10.07.2024. He has paid tax under default tax regime. He…

Mr. Ashish born on 1.4.1964 furnished his return of income for Assessment Year 2024-25 on 10.07.2024. He has paid tax under default tax regime. He had shown the following income in his original return of income - Salary of 10.50 lakhs from PQR (P) Ltd (Computed)Interest from savings bank account of 15,700Interest from fixed deposits with SBI of 50,000. During the P.Y. 2023-24, he paid interest on loan of 2,50,000 for purchase of self-occupied property. He contributed - 1,50,000 towards the PPF. He paid health insurance premium of 40,000 by account payee cheque for self and wife. He paid - 2,200 in cash for his health check-up and - 4,000 by cheque for preventive health check-up of his parents. He also paid medical insurance premium of 29,000 during the year to insure the health of his mother, aged 80 years. He further incurred medical expenditure of 18,000 on his father, aged 81 years, who is staying with him. His father is not covered under any mediclaim policy. He met one of his friends, CA. Ashwin on 01.02.2025. While discussing with his friend, his friend told him that the default tax regime under section 115BAC is not beneficial to him. He advised him to revise his return of income and shift out of the default tax regime. However, Mr. Ashish's son, who is employed in the accounts department of TQM (P) Ltd., is of the view that once tax is paid under section 115BAC in original return, it cannot be changed in revised return. From the information given above, choose the most appropriate answer to the following questions