New Delhi: The amount of excess interest or the cost of delay paid by Taxpayers while the submission of income tax (ITR) for the 2020-21 financial year will be returned, the tax department said on Wednesday.
The deadline for submitting a income tax for FY21 is extended from 31 July to 30 September by the government after the challenge faced by taxpayers due to Pandemic Covid-19.
However, some taxpayers were charged delays and wrong interest when they submitted their ITR after the previous deadline on July 31.
In a tweet, the tax department said that software errors were repaired on August 1 and urged taxpayers to use the latest version of the software.
Furthermore, it ensures that if anyone submits ITR with the wrong interest and the amount of delay costs, the excess amount will be returned to them, after a careful calculation.
New Income Tax Income Tax www.incomex.gov.in has a bumpy start since the day launches on June 7 because it continues to face technology disorders.
The tax department has taken corrective steps through infosys based on feedback from taxpayers, professional tax and representatives from the Institute of Chartered Accountants of India (ICAI).
Certain main functions such as user profiles, ITR 1, 2 and 4 archiving, e-proceding, sees old ITRS, available for users on a new income tax portal, the government has information.
(With input from agency)
‘Excess interest, the cost of delay is paid while asking ITR to be returned’
