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Fee u/s 234f

01 January 2021

i am filling itr 1 FY 2019-20 income tax portal asking for 1000 u/s 234c why, income tax filling date has been extended to 10 jan 2021

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3 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 01 January 2021

You should again file the return freshly

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Krishna Chaudhary (Accountant) (4531 Points)
Replied 02 January 2021

Under section 234 C interest is levied on late payment of income tax. so this is not the penalty for filing the late return but it is an interest on the income tax your thing after due date.

Smit Shah (524 Points)
Replied 02 January 2021

234c interest for the A.Y.2020-21 only come when your tax liability after advance tax and TDS/TCS exceeds Rs.1 lac and also 234F penalty if income is below 500000 then levied at Rs.1000 but as due date extended that will not be levied till 10th January or 15th February as the case may be also income tax department is updated software so now this error will not come.