The tax department has recently said that any excess amount or late fee charged by the new income tax portal for filing Income Tax Return (ITR) for the financial year 2020-21 will be refunded. In view of the COVID-19 pandemic and the challenges faced by common taxpayers, the Income Tax Department had earlier extended the ITR filing deadline from July 31 to September 30. However, many taxpayers complained that they were charged higher interest and late fees. For filing ITR after July 31, the earlier deadline for filing returns for the year 2020-21.
The Income Tax Department has rectified the glitches in the ITR software used for filing income tax returns, keeping in view the hardships faced by the taxpayers. In a tweet, the tax department said, “The ITR software was rectified on August 1, 2021 itself to remove the error due to incorrect calculation of section 234A of interest and late fee u/s 234F.” The department also requested the taxpayers. To use the latest version of ITR software for filing income tax applications.
The tax department further assured that if anyone has submitted an income tax return with incorrect interest or late fee, the amount will be refunded to them. “If, by any means, one has already submitted the ITR with such incorrect interest or late fee, the same shall be correctly computed while processing the CPC-ITR and the additional amount paid, if any Yes, will be returned to normal course,” the Income Tax Department said in a tweet.
“The due date for filing ITR for the financial year 2020-21 (AY 2021-22) is 30 September 2021 (extended from 31 July). Hence, late filing charges and interest under section 234A to a certain extent will be applicable only after the due date which is 30th September 2021. However, due to a technical glitch on the income tax portal, late filing fees and higher interest were levied in some cases filed after July 31, said Abhishek Soni, co-founder and CEO of tax2win.in, which is incorrect, Therefore the department will issue a refund of the late fee and additional interest paid by the taxpayers.
The tax department has launched a new income tax e-filing portal www.incometax.gov.in in June. It aims to make your Income Tax Return (ITR) filing journey more convenient and hassle free. From pre-filled income tax return forms to quick refunds – the new portal has several features to provide a “modern and seamless experience to the taxpayers”. Soon after its launch, several taxpayers complained against technical glitches on social media sites. new stage. Several stakeholders have submitted written inputs highlighting the issues faced by the portal as well as the areas to be decided. The Income Tax Department has already taken corrective measures based on feedback from taxpayers and professionals. Tax department will also introduce mobile application for ITR soon
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