Original ITR filed on 8th Jan 2021
Pending for verification
Revised ITR filed on 20th Jan 2021
& verified
Now ITR processed with late fee demand of 10000 u/s 234F
Is demand correct ?
6 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 02 April 2021
Yes since Original ITR was not e verified which means not submitted thus it is invalid.
Kapadia Pravin
(17259 Points)
Replied 02 April 2021
Without everification, return is invalid and not considered. You can still verify
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 02 April 2021
Don't we have 120 days to verify the return? If return is revised before that, interest u/s 234B and 234C can be levied, if applicable. But can late fee be levied in such case? I mean revised return is filed based on original return right? Correct me if my understanding is wrong.
Kapadia Pravin
(17259 Points)
Replied 02 April 2021
You should have verified original return first one. Now you may try. If possible then verify.
Pranay Kumar
(FInance Professional)
(17 Points)
Replied 03 April 2021
No, U hve to file itr u/s 139(5) revised and put acknowledgment no and original date of rerurn filed so no late will be leviable
Ashwini
(SE)
(49 Points)
Replied 03 April 2021
same thing happens with me ...
original not verified at first :
Revised Verified . and then after some day verified Original also.
but they process Revised as original and deduct 10000 under 234F
is there anything i can do ??
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
