Original ITR filed on 8th Jan 2021 Pending for verification
Revised ITR filed on 20th Jan 2021 & verified
Now ITR processed with late fee demand of 10000 u/s 234F
Is demand correct ?
Replies (6)
Quick Summary
This discussion explores the validity of a ₹10,000 late fee demand under Section 234F for an Income Tax Return (ITR). The user filed an original ITR on 8th Jan 2021, which remained unverified. A revised ITR was filed and verified on 20th Jan 2021. The tax department processed the revised return as the original, levying the late fee because the initial return was not e-verified, rendering it invalid. The thread debates whether the 120-day verification window applies and if a late fee can be charged when a revised return is filed within this period.
Don't we have 120 days to verify the return? If return is revised before that, interest u/s 234B and 234C can be levied, if applicable. But can late fee be levied in such case? I mean revised return is filed based on original return right? Correct me if my understanding is wrong.