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Resolving Compliance Issue for notice received after due date

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Sumit Chauhan

21 Points Posted on 10 April 2021

I had received a compliance related email on 2nd April for AY-2020-21. This was regarding missed savings interest declaration. However, notice shows generated date as 28th March.

I acknowledged the issue on the compliance portal and paid the tax after filling the details on the Income tax portal , however, I'm not able to submit the revised declaration now as the due date has passed (31st March'2021).

Considering that I received the mail itself after the due date, how can I now submit revised ITR. Does it need to go in belated category now with penalty?

Replies (3)

Quick Summary

This discussion addresses a user who received a compliance notice for missed savings interest declaration after the due date. They paid the tax but are unable to submit a revised ITR due to the expired deadline. The advice suggests that if taxes have been paid and the response was made to the compliance portal, revising the return might not be necessary. However, options like filing under condonation of delay are also discussed, with varying opinions on its advisability for this specific situation.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 10 April 2021

You have to file ITR revised return under condonation of delay u/s 119(2)(b) and penalty will be applicable

Nidhi

Chief Accountant

1673 Points Posted on 11 April 2021

As you missed the interest on saving bank account.
As per my opinion, if you responded to compliance portal and paid due taxes payable, than there is no need to revise your return if due date for revision is already expired.

it's not advisable to go for condonation of delay u/s 119(2)(b) for above mentioned mistake