Please clarify related to Updated Return

Dear All,

I filed my original return ITR-1 in Dec 2020(AY2020-2021) , now in 2022 need to file ITR-U (AY 2020-2021), the xls downloaded from the ITD site is not calculating Fees u/s 234F and Fees u/s 234B .

However, my tax consultant is using a 3rd party software, which is calculating all fees, i,e 234B, and 234F. but for the X M L genarated by the 3rd party software validation is failing in ITD while Efiling

Please confirm related to applicability of 234F 234B for my scenario, Please do the needful 

Please share any documents/links  from ITD w.r.t fees and updated return ITR -U

Regards

Sridharan

 

 

 

 

Replies (4)
Quick Summary
This discussion seeks clarification on filing an Updated Return (ITR-U) for AY2020-2021. The user encountered issues with the official Excel utility not calculating fees under Sections 234B and 234F, while third-party software did. The core question is about the applicability of these specific fees in their scenario and potential reasons for validation failures during e-filing.

What is the tax liability before  the interest u/s. 234B & 234F?

Sir , 

I fall in 30% tax slab , based on calculations if 234B and 234F is not considered then tax is  3Lacs  and if 234B and 234F is considered then the tax it is 3.6Lacs.

As said above my query I had filed my ITR-1 in dec 2020.

In ITR xls , when I select the below field as yes

(A5) Whether return previously filed for this assessment year? Yes

and then calculate tax below is the output

Interest u/s 234 A 15a 7200
Interest u/s 234 B 15b 0
Interest u/s 234 C 15c 7272
Fee u/s 234F 15d 0

 

Regards

Sridharan

 

 

 

Correct..

Interest u/s. 234B & sec. 234F is not applicable..

Validation failing due to other information is not filled properly 

1) check and go through each fields and make correction

2) Use excel utility for ITR 

3) contact the helpdesk or drop a email

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