Dear Members,
My Client has filed his original IT return on 13/08/2020 before due date i.e.10/01/2021 for AY 2020-21 with a refund claim and due to some changes, a revised return was filed on 28/05/2021 after due date. It has come to our notice that the penalty u/s.234F of Rs.10000/- is adjusted towards the refund claimed and the date considered is revised return date.
In my opinion, the late fees is calculated considering the date of filling of original return.
My points to be discussed :
1. The Above adjusted amount of Rs.10000/- towards penalty is correct or not.
2. Should I file a grievance in respect of above and claim Rs.10000/- for refund.
3. Process to claim the refund
Awaited for members suggestions
Thank You
CAclubindia
