The Income Tax Department on Wednesday (August 11) said that it will discount all late charges sum and abundance interest paid by citizens because of the product blunder while recording returns for 2020-21. This was reported by the Income Tax Department through a tweet on its authority handle. The last date for recording ITR for the last monetary year has been stretched out till September 30, 2021, to give citizens consistent help during the pandemic. Prior, the last date to document ITR was July 31. Notwithstanding, a few citizens griped that interest and the late expense were charged while recording an annual government form (ITR) after July 31, 2021.
The Income Tax Department took to Twitter to declare this news and said that the Income Tax Return (ITR) programming was corrected on August 1 that eliminated the blunder which was causing erroneous calculation of interest u/s 234A and late charge u/s 234F which might have given numerous a liberating sensation.
Giving an explanation on this, the Income Tax Department said that the blunder was caused because of erroneous calculation of interest under area 234A and late expense under segment 234F of the Income Tax Act. The ITR programming was amended on August 1 itself to eliminate mistakes. The division has encouraged citizens to utilize the most recent rendition of the ITR programming or document it online to keep away from any bother. In the event that you have effectively recorded ITR and were charged a late expense or mistaken interest, the sum will be discounted by the division.
"Citizens have been instructed to utilize the most recent adaptation regarding the ITR planning programming or document on the web. On the off chance that by any possibility, somebody has effectively presented the ITR with such mistaken interest or late charge, a similar will be accurately determined while handling at CPC-ITR and the abundance sum paid, assuming any, will be discounted in the ordinary course," the I-T office tweeted.
It is constantly encouraged to check the most recent e-documenting utility while recording ITR. On the off chance that any mistakes are discovered, they should be accounted for by the concerned specialists.
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