Income Tax Dept to refund late fees for those who were inadvertently charged

Income Tax Dept to refund late fees for those who were inadvertently charged

This is in cases where a fee was charged while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited

FPJ Web DeskUpdated: Thursday, November 14, 2019, 01:40 PM IST
article-image
Tweeting a response to an user who raised the issue, the Department said that it will rectify the error on its own and that the late fee charge will be removed |

The Income Tax department has clarified that late fee charges that were inadvertently charged will be refunded.

This is in cases where a fee was charged while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited.

Tweeting a response to an user who raised the issue, the Department said that it will rectify the error on its own and that the late fee charge will be removed.

"In a few cases, fee under section 234F has been charged inadvertently in ITRs of Partners due to linkage of filing of Partner's ITR with the filing of ITR of Firm. The same is being rectified suo moto to remove the late fee charged u/s 234F. The inconvenience caused is regretted!" the body wrote.

The clarification comes after social media users including chartered accountants flagged the issue.

For the assessment year 2019-20 (FY 2018-19), all working partners of a firm whose accounts are required to be audited were given a deadline of September 30, 2019, to file their ITR. People in Jammu and Kashmir and Ladakh were extended by another month.

For other individual ITR filers, the last date was July 31, which was extended to August 31.

RECENT STORIES

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Land Rover Defender Octa: Most Powerful Version Set to Debut on July 3rd

Land Rover Defender Octa: Most Powerful Version Set to Debut on July 3rd

UK-TIK TOK Ban: How Other Countries are Restricting it

UK-TIK TOK Ban: How Other Countries are Restricting it

Shriram Finance Q4 Results Announces a 150% Dividend, 450% Dividend in a Year

Shriram Finance Q4 Results Announces a 150% Dividend, 450% Dividend in a Year