Outstanding Demand of 234A & 234F

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This query is : Resolved

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

SHA

SHA (Querist)
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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)
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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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