ITR Filing: Income Tax Department Makes Big Announcement For Taxpayers, Says Will Refund Extra Fee, Excess Amount

Taxpayers, here is a crucial update for you. 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 to you. This was announced by the Income Tax Department. Due to the COVID pandemic, the Income Tax department has extended the deadline for filing ITR to September 30 from July 31. However, many taxpayers registered complaint that they were charged excess interest and late fee for filing ITR after July 31

Looking at the complaints of the taxpayers, the Income Tax department has rectified the glitch in the ITR software and said, “The ITR software was rectified on 1st August, 2021 itself to remove the error due to incorrect computation of interest u/s 234A and late fee u/s 234F.”

In a latest notification, the Income Tax department urged the taxpayers to use the latest version of the ITR software to file income tax applications. 

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