For the Assessment year 2020-21, i filed the income tax return well on time as below.
1st October 2020: Filed the original return
18th Feb 2021: The IT department sent an email stating that its defective
15th March 2021 : I filed the revised return by paying the Additional taxes
22nd march 2021: I received a tax demand notice to pay the penaly of 10k(Section 234A, 234F).
As i filed the original return well in time in october 2020 before the due date(10/1/2021), my CA suggested that i dont need to pay the late filing penalty (234F) of 10k and we filed the revised return on 15th march 2021. Now IT department sent a Tax demand notice to pay the 10k penalty.
My CA says that we don't need to pay as the status of the rectified return is in "Successfully e-verified" and not says that "ITR Processed". I'm confused if i need to pay the penalty or its an error from the IT department automatic processing
CAclubindia
