Certification Course on Practical Filing of Income Tax Returns
Whether, Section 234F is applicable on revised return filed after due date?( Original return has been filed within due date)
No.
After a long time I see You..Please come and Participate here regularly or periodically without leave...🙏🙏🙏
Thank you..... I sometimes try to attend, if I see any unattended query. Otherwise it is looked after quite well by you people.
Well, CONGRATULATIONS FOR CROSSING 1 LAKH POINTS.... ONLY THIRD CCI MEMBER TO CROSS IN LAST 25 YEARS !!!
Thank you.
But recently one of my client has received a Demand Notice to pay Rs. 5000( As his Income is greater than Rs. 5 Lakhs)(Rs. 5000 is Fee u/s 234F)
Original return has been filed on 31/08/2019 and later on revised on 08/09/2019.
As on revised return 234F is not applicable. Can you please clarify, why he has received Demand Notice of Rs. 5000?
Whether original return was verified?
No.Original return is not verified
So, the revised return is treated as original, and hence late fees are liable...
Sir,
(a) Whether Original return has to be e verifed before due date i.e., 31/08/2019 or before date of completion of processing?
(b) What if I e verify the Original return now and submit a rectification request to reprocess the return?
Congratulations RAJA Sir.
Keep it up and Continue Your participating in CCI
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