According to a new notification of the Income Tax Department, taxpayers will now receive a refund of an excess amount of interest and late fee paid during the ITR for FY21 because there was an error at the end of the income tax department while calculating the tax and determining the last date of filing the ITR. The tweet said, "Taxpayers have been advised to use the latest version of the ITR preparation software or file online. The ITR software was rectified on 1st Aug 2021 itself to remove the error due to incorrect computation of interest u/s 234A and late fee u/s 234F. Taxpayers have been advised to use the latest version of the ITR preparation software or file online. (1/2) — Income Tax India (@IncomeTaxIndia) August 11, 2021Last year, the deadline for filing the income tax return was extended by a month till September 30, to provide relief to the taxpayers who suffered during the coronavirus pandemic the second wave in India.

Source: dna August 12, 2021 14:03 UTC