INSUBCONTINENT EXCLUSIVE:
Last date for filing ITR for last financial year is extended till September 30, 2021The Income Tax Department on Wednesday said it will
refund the excess interest and late fee paid by taxpayers due to software error while filing ITR for 2020-21
The last date for filing ITR for last financial year has been extended till September 30, 2021, from July 31 to give taxpayers compliance
relief during the pandemic
However, some taxpayers complained that interest and late fee was charged while filing income tax return (ITR) after July 31, 2021.The
department in a tweet said the ITR software was rectified on August 1 itself to remove the error due to incorrect computation of interest
under section 234A and late fee under section 234F of Income Tax Act."Taxpayers have been advised to use the latest version of the ITR
preparation software or file online
If, by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be correctly calculated
while processing at CPC-ITR and the excess amount paid, if any, will be refunded in the normal course," the I-T department tweeted.Nangia -
Co LLP Partner Shailesh Kumar said having errors or bugs in ITR or any other e-filing utility is a common phenomenon
After realising the errors/ bugs, the Income Tax Department releases new version of such e-filing utility, removing the error/ bug."Thus,
taxpayers are always advised to check the latest e-filing utility, while filing their ITR
If any errors are still found, then it must be reported to the concerned authorities for necessary resolution," Kumar said
