Outstanding Demand of 234A & 234F

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This query is : Resolved

Quick Summary

If you've received a demand notice for interest under section 234A and a fee under section 234F after filing a revised Income Tax Return, you may not need to pay the full amount. It's advised to explore options such as filing a rectification request under section 154 or lodging an appeal. This is particularly relevant if your original return was filed within the allowed time frame.

SHA

SHA (Querist)

25 November 2022 Hi,

I filled my ITR for AY 2022-23 on July 2, 2022. I received Defective notice u/s 139(9) on Sept 2, 2022. I filed a Revised ITR on Sept 3, 2022. I received a Demand notice for Interest u/s 234A + Fee u/s 234F on Nov 25th, 2022.

Do I need to pay the penalty/fee amount?

Please advise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 November 2022 Interest and late fee not payable.
File appeal and rectification under section 154.

SHA

SHA (Querist)

25 November 2022 Details of the Intimation u/s 143(1) received :
Interest u/s 234A - 1,094
Fee u/s 234F - 5,000

Should I raise a rectification request to reprocess the return?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

26 November 2022 No, seek rectification under section 154 as defective return filed within the time allowed and go for appeal.

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