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CA Vishal (Owner of Mehta Associates Chartered Accountants)     01 August 2021

Penalty u/s 234F is still calculated after 31st July 2021 - Even after Due date Extention

I am filing ITR for FY 2020-2021 in New IT portal, Its showing penalty u/s 234E - Even after IT due date extension.

I guess its Technical error.

What is your opinion ?



 7 Replies

Ankit Neema

Ankit Neema   01 August 2021

I will suggest you not to file the itr now, file after some days , there are lot of technical issues on site right now
Sourav

Sourav (Student)     01 August 2021

File after some time portal is not working properly
Devanathan M

Devanathan M (Retired)     01 August 2021

The  due date for filing of Income-tax return for the Assessment Year 2021-22 has been extended,to 30 Sep 21  but no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh. Thus, if self-assessment tax liability of a taxpayer exceeds Rs. 1 lakh, he would be liable to pay interest under section 234A from the expiry of original due dates which is 31 Jul 2021.for most...assesses.

 

 

 

 

1 Like
Devanathan M

Devanathan M (Retired)     01 August 2021

Originally posted by : Devanathan M

The  due date for filing of Income-tax return for the Assessment Year 2021-22 has been extended,to 30 Sep 21  but no relief shall be provided from the interest chargeable under section 234A if the tax liability exceeds Rs. 1 lakh. Thus, if self-assessment tax liability of a taxpayer exceeds Rs. 1 lakh, he would be liable to pay interest under section 234A from the expiry of original due dates which is 31 Jul 2021.for most...assesses.

The above is applicable for section 234A. I stand corrected as below..

Section 234F is penalty for delay in filing the Income-tax return. Since the last date has been extended 30 Sep, no penal Interest is payable for returns filed till 30  Sep 21

 

 

 

 

 

sabyasachi mukherjee

sabyasachi mukherjee   01 August 2021

FILE TOMORROW
Samantha J

Samantha J   01 August 2021

Correct Mr D
Karanbir Soin

Karanbir Soin (Retired)     29 August 2021

I was compiling my return on the filing utility today. Surprisingly the 234F fee is sitll showing even when my tax paid is in excess of what is required. Infosys screw up is not over yet...


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