Quick Summary
The Income Tax Department, via their official Twitter handle, has asked the taxpayers and professionals to use the latest income tax utilities, which have been available w.e.f 1st January 2021, as a consequence of the extension of dates via a press release dated 30th December 2020. The same has beenrequested to avoid interest/fee u/s 234F/234A. Read the official Tweet below: Taxpayers are advised to download use the latest utilities(updated on 01.01.2021)from the efiling portal so that Secti
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FAQ :
Taxpayers should use the latest utilities to ensure that interest and fees under Sections 234A and 234F are calculated correctly.
The latest income tax utilities have been available since January 1st, 2021.
The relevant sections are 234A (interest for default in furnishing return of income) and 234F (fee for default in furnishing return of income).
Yes, data from saved XML or Excel utilities can be imported into the new utility.
After importing data, you should carefully review it to ensure all remaining information is filled in correctly.
If you experience any issues, you can contact the Income Tax Department via the provided link for assistance.
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