15 Aug, 2021 9:56p.m.

IT department to refund any late fee or excess amount charges.

it-department-to-refund-any-late-fee-or-excess-amount-charges

The Income Tax Department has announced that any excess amount or late fee charged by the new Income Tax portal for filing income tax return (ITR) for the financial year 2020-21 will be refunded. The announcement was on the basis of the difficulties due to the COVID 19 pandemic. Due to the COVID pandemic, the Income Tax department has extended the deadline for filing ITR to September 30 from July 31. However, many taxpayers registered complaints that they were charged excess interest and late fees for filing ITR after July 31

Looking at the complaints of the taxpayers, the Income Tax department has rectified the glitch in the ITR software and said, “The ITR software was rectified on 1st August 2021 itself to remove the error due to incorrect computation of interest u/s 234A and late fee u/s 234F.”

In the latest notification, the Income Tax department urged the taxpayers to use the latest version of the ITR software to file income tax applications.

In the notification, the Income Tax Department has assured the taxpayers that if anyone has submitted an income tax return with incorrect interest or late fee, the amount will be refunded to them. “If by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be correctly calculated while processing at CPC-ITR and the excess amount paid, if any, will be refunded in the normal course,” the income tax department said in a tweet.






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