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Is late fee applicable on revised ITR?

Anitya ( ) (287 Points)

28 March 2019

Hi Members,

Please advise on the following query. ITR-4 for AY 2018-19 was filed in Aug. 2018 with Net Income of Rs. 2.75 lacs. Now if ITR is revised in March 2019, will late fee be applicable on it?

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11 Replies

Anitya ( ) (287 Points)
Replied 28 March 2019

Thank you Vishesh Sir. ITR filed in Aug. 2018 is not yet e-verified. So ITR filed in March 2019 will be treated as Revised ITR or Original ITR?

Radhey Shyam Jha (Student) (1567 Points)
Replied 28 March 2019

Latest one is considered as revised

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 28 March 2019

Better to E-verify the first one after file Your revised ITR...

GOLLA VENKAT RAO (Chartered Accountant) (43 Points)
Replied 28 March 2019

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 28 March 2019

First one will be e-verify at first then go to file revised ITR...

If not then first one fall under defective return then 2nd one will be automatically "Late ITR / Original ITR. After sec 234F kicked...

So, 1st one will be verify...

1 Like

Anitya ( ) (287 Points)
Replied 28 March 2019

The ITR cannot be e-verified before 31st March 2019 as Mobile No. is not updated in Aadhar. The assessee should have send ITR-V to CPC within 120 days of e-filing but missed. On portal, the ITR for AY 2018-19 is showing pending for e-verification and ITR-V is showing as invalid.

Radhey Shyam Jha (Student) (1567 Points)
Replied 28 March 2019

You can also use your bank account to e-verify your return

Anitya ( ) (287 Points)
Replied 28 March 2019

Bank is showing rejected in e-validation through bank.

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Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 28 March 2019

since your returns are already showing it as invalid, I guess your revised return shall charge you penalty under sec 234F.

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RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 29 March 2019

file condonation request to e-verify and file revised return

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RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 29 March 2019

@ Anitya.,

If Your return showing invalid then file Condonation delay request then You can move further action...

If You don't want Condonation delay request then Your revision is not applicable then it will taken as late ITR as original and late fee will applicable...

Once return invalid then no way for filling Revised ITR...

Better to move with Condonation delay request then You can avoid Late Fee...

1 Like