This discussion clarifies whether late filing fees under Section 234F apply to a revised return for AY 2020-21. The original return was filed on time, and the revised return was submitted after the due date but within the COVID-19 extended period. The consensus is that Section 234F fees are not applicable because the original return was filed within the statutory due date.
10 May 2021
The original return of AY 2020-21 was filed on 23/09/2020 ( Within Due date ) . The Assessee revised the return for the AY 2020-21 and filed the same on 05/05/2021 i.e after the extension was granted due to Covid. Will the Fees u/s 234F be levied.