CA Vishal (Owner of Mehta Associates Chartered Accountants) (23 Points)
01 August 2021I am filing ITR for FY 2020-2021 in New IT portal, Its showing penalty u/s 234E - Even after IT due date extension.
I guess its Technical error.
What is your opinion ?
Ankit Neema
(2742 Points)
Replied 01 August 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 August 2021
Devanathan M
(Retired)
(53 Points)
Replied 01 August 2021
The due date for filing of Income-tax return for the Assessment Year 2021-22 has been extended,to 30 Sep 21 but no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh. Thus, if self-assessment tax liability of a taxpayer exceeds Rs. 1 lakh, he would be liable to pay interest under section 234A from the expiry of original due dates which is 31 Jul 2021.for most...assesses.
Devanathan M
(Retired)
(53 Points)
Replied 01 August 2021
| Originally posted by : Devanathan M | ||
 |
The due date for filing of Income-tax return for the Assessment Year 2021-22 has been extended,to 30 Sep 21 but no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh. Thus, if self-assessment tax liability of a taxpayer exceeds Rs. 1 lakh, he would be liable to pay interest under section 234A from the expiry of original due dates which is 31 Jul 2021.for most...assesses. The above is applicable for section 234A. I stand corrected as below.. Section 234F is penalty for delay in filing the Income-tax return. Since the last date has been extended 30 Sep, no penal Interest is payable for returns filed till 30 Sep 21 |
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Karanbir Soin
(Retired)
(21 Points)
Replied 29 August 2021
I was compiling my return on the filing utility today. Surprisingly the 234F fee is sitll showing even when my tax paid is in excess of what is required. Infosys screw up is not over yet...
Acche Din
(39 Points)
Replied 25 September 2021
Yes. Even today if you try to file your ta return fir AY 2021-22, 234 F penalty of Rs 1000 is showing up despite the fact that the last date for filing has been extended till 31 December 2021.
Just send a grievance after logging in and wait for the correction by Infosys on the portal. Don't file the return as yet and pay extra Rs 1000 and hoping for a refund.
CAclubindia
