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Late Fee for Revised Return- Income Tax


ABHISHEK (Student)     13 February 2020

ABHISHEK
Student 
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Orginal return was filed within due date income above 2.95lkh after deduction, later on revised to 3.3lkh after deduction.

now the department levied penalty for 1000 for the said return.

1. Is the penalty levied is correct?
2. Can we withdraw the revised return?
3 Is there any option by which we avoid such late fee?

avater

RAJA P M ("Do the Right Thing...!!!")     13 February 2020

RAJA P M
"Do the Right Thing...!!!" 
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Late Fee not applicable for Revised ITR if Original ITR filed on or before due date... So,

1. Not correct.
2. No need.
3. disagree the demand & rectification

avater

sabyasachi mukherjee   13 February 2020

sabyasachi mukherjee

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Abhishek
pls note the following points:
1. if return filed within due date no imposition of penalty
2. try to find out if there are any errors on your part in the original return.
if there is any problem send a mail at sabyasachimukherjee7098 @ gmail.com.

avater

Kapadia Pravin   14 February 2020

Kapadia Pravin

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@ Abhishek
1. Late fee not applicable for Revised ITR
But look into and clarify -
a. Have you eVerified original return ? If yes then when
b. Have you provided ITR acknowledgement Number and Date of filing Original ITR in your Revised Return
c. Under which section revised return you selected for filing

2. There is no withdrawal system for ITR
IF it's not eVerified in 4 months post ITR filing then Return is not considered and discarded as it has never been filed by assessee.

3. Late fee is auto populated for original return (being filed beyond due date) and no option that anyone can play with. It's mandatory levy.

avater

Amarjeet Kumar Roshan   14 February 2020

Amarjeet Kumar Roshan

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Sometime Late fee is levied for revised return when there is difference in ITR Form filed within due date and revised return Form

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RAJA P M ("Do the Right Thing...!!!")     14 February 2020

RAJA P M
"Do the Right Thing...!!!" 
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No... Late Fee not levied in revised ITR also if changed the ITR Form...

avater

Amarjeet Kumar Roshan   14 February 2020

Amarjeet Kumar Roshan

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I have received few notice last year for few of my asssesse for changing the ITR Form in revised return. However to pay or not to pay is a matter of dispute.

avater

RAJA P M ("Do the Right Thing...!!!")     14 February 2020

RAJA P M
"Do the Right Thing...!!!" 
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Yeah... The all are dept issued wrongly...

avater

Spurto Consultancy Services (Consultant)     14 February 2020

Spurto Consultancy Services
Consultant 
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No late fee can be levied if the original return was filed within the due date. 

1. The penalty levied is incorrect.

2. One a return is filed and e-verified within 120 days then the same cannot be withdrawn.

3. Disagree with the demand processed and file for rectification of intimation.  

 


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