Fee u/s 234f

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128 Points Posted on 01 January 2021
i am filling itr 1 FY 2019-20 income tax portal asking for 1000 u/s 234c why, income tax filling date has been extended to 10 jan 2021
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On 01 January 2021 at 20:21 Report
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This discussion clarifies the difference between Section 234F and Section 234C of the Income Tax Act. Section 234C levies interest on late payment of income tax, not a penalty for late filing. Section 234F is a penalty for filing late, but it's only applicable if your income is below £500,000 and the due date hasn't been extended. The portal may have shown an error due to software updates, but these charges should not apply if the filing deadline was extended.

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Chartered Accountant
24588 Points Posted on 01 January 2021
You should again file the return freshly
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On 01 January 2021 at 21:30
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Accountant
4533 Points Posted on 02 January 2021
Under section 234 C interest is levied on late payment of income tax. so this is not the penalty for filing the late return but it is an interest on the income tax your thing after due date.
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On 02 January 2021 at 06:40
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524 Points Posted on 02 January 2021
234c interest for the A.Y.2020-21 only come when your tax liability after advance tax and TDS/TCS exceeds Rs.1 lac and also 234F penalty if income is below 500000 then levied at Rs.1000 but as due date extended that will not be levied till 10th January or 15th February as the case may be also income tax department is updated software so now this error will not come.
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On 02 January 2021 at 09:50

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