DEFECTIVE RETURN 139 (9)

This query is : Resolved

TARIQUE RIZVI (Querist)
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17 January 2020 I have revised the return u/s 139 (9) but the acknowledgement is still awaited. As to why and how the acknowledgement is not appearing on income tax site. I had filed the ITR-4 in June 2019 for the Ay 2019-20 but in the month of Jan 2020 the said return is being revised u/s 139 (9) showing a penalty of Rs 1000 u/s 234-F.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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26 May 2020 As per Section 234F penalty after December stands at INR 10,000. This ruling has come into effect from the 1st of April 2017. There is a small caveat under 234f of income tax act applicability. Taxpayers whose annual income doesn’t exceed INR 5,00,000 will have to pay a maximum of INR 1,000 as a penalty for missing both the deadlines.