ITR-2 util levies Fee for default (234F) before due date
This query is : Resolved
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Guest
Guest
(Querist)
30 May 2020
I am a Sr Citizen using ITR-2 software utility for AY 2020-21 (FY 2019-20).
I only have two sources of Income...:
1) ...from Other sources: 582104
2) STCG (taxable at 15%): 110522
(after adjusting previous AY Carried Forward Loss ie STCL)
Deductions u/s VI-A: 154071
My Gross tax payable: 23899
I confused by Part B-TTI: 13) Interest and fee payable
d) Fee for default in furnishing return of income (section 234F): Rs 10,000/-
Section 234F is only applicable if filing after due date (usu 31st July of AY).
We're still in end-May.
Why is the ITR-2 utility applying Fee for Default in furnishing return!?
Is this an error in the utility?
If I accept this, my Refund is reduced by Rs 10,000.
Please advise!
I only have two sources of Income...:
1) ...from Other sources: 582104
2) STCG (taxable at 15%): 110522
(after adjusting previous AY Carried Forward Loss ie STCL)
Deductions u/s VI-A: 154071
My Gross tax payable: 23899
I confused by Part B-TTI: 13) Interest and fee payable
d) Fee for default in furnishing return of income (section 234F): Rs 10,000/-
Section 234F is only applicable if filing after due date (usu 31st July of AY).
We're still in end-May.
Why is the ITR-2 utility applying Fee for Default in furnishing return!?
Is this an error in the utility?
If I accept this, my Refund is reduced by Rs 10,000.
Please advise!
30 May 2020
Yes error in utility. Wait for new forms which will be notified shortly.
Message likes :
1 times
Guest
Guest
(Querist)
30 May 2020
I realised my mistake. I was using the previous AY forms. The govt is yet to update the new forms.
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