Section 234F

Section 234F Late Fees of Rs. 5000 on Processing of Revised Return

Income Tax - Late fee is charged on delay in filing of Original return and not revised return because revised return take the shoes of original return. But due to transformational changes in building new income tax website this section is overused i.e. it is levied while processing of revised return also in many cases....

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Quick notes on Late fees under section 234F of Income Tax Act 1961

Income Tax - In this article, we will discuss some points about section 234F which can bring some clarity about application of the section. As we know that if the return of income is not filed on or before due date as per section 139, we have to pay late fee of Rs. 5000/- under section 234F. However […]...

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CBDT can provide relief in genuine hardships cases from Section 234F Fees

Income Tax - Considering the genuine hardships faced by certain classes of persons in filing return of income and not to impose a fee for a default which is beyond their control, it is proposed to insert section 234F and include it in the list of sections mentioned in clause (a) of sub-section (2) of section 119 of the Act, so as to enable the Board t...

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Issue relating to late fee under section 234F in Intimation generated u/s 143(1)

Income Tax - Issue faced in Intimation under section 143(1) with respect to Late Fees under section 234F of Income Tax Act, 1961 Currently the Income Tax authority Centralize Processing Centre (CPC) is issuing intimation for Assessment Year (AY) 2020-21 (FY 19-20) as well as AY 2021-22.   In the intimation generated for AY 2020-21, the CPC is levyin...

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Amended Due date of Filing of Belated return or Revised return

Income Tax - Major amendment pertaining to Due date of Filing of Belated return or Revised return Rationalisation for Reducing time to file belated return and to revise original return and its effect on other provision of Income Tax With the massive technological upgrade in the Department where the processes under the Act are moving towards becoming f...

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AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax

Income Tax - All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition; (ii) Issue notice to the opposite parties as to why writ in the nature of certiorari shall not be issued quashing/striking down “Clarification 1” given in Circular dated 09.09.2021 in respect of Section 2...

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Request to extend date of filing Income tax audit report & other forms

Income Tax - Chartered Accountants Association, Jalandhar has made a request to FM for Extension of specified date of filing tax audit report and other forms falling due on or before 15th January, 2022. Text of their representation is as follows:- CHARTERED ACCOUNTANTS ASSOCIATION (C R Building, Model Town Road, Jalandhar) For correspondence care:- CA...

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Joint representation for extension of due date of ITR/TAR

Income Tax - Joint representation fo Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with Covid-19 third wave...

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Extend specified dates of filing Tax Audit Report & other forms

Income Tax - Request for Extension of the specified date of filing the Tax Audit Report and other forms falling due on or before 15th January 2022 submitted with Hon’ble Union Minister of Finance by Chandigarh Chartered Accountants Taxation Association (CCATAX). CCATAX requested FM to extend the time limit / due date of filing of Income Tax audit [&...

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BJP Rajasthan requested for extension of Tax Audit Report due date

Income Tax - Rajasthan BJP Economic Cell has made a request for extension of due date of furnishing of Report of Audit under provision of the Income-tax Act, 1961 for the A. Y. 2021-22.  Full text of their representation is as follows:- Bharatiya Janata Party, Rajasthan Shri J.B. Mohapatra, Chairman – Central Board of Direct Taxes, Ministry of ...

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Fee for late-filing of ITR is not penalty but a charge for extra service: HC

K. Nirai Mathi Azhagan Vs Union of India (Madras High Court) - Fees for late filing of income tax returns under section 234F  was a fixed charge not a penalty for the extra service which the Department had to provide due to the late filing of the Income Tax return....

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Recent Posts in "Section 234F"

Section 234F Late Fees of Rs. 5000 on Processing of Revised Return

Late fee is charged on delay in filing of Original return and not revised return because revised return take the shoes of original return. But due to transformational changes in building new income tax website this section is overused i.e. it is levied while processing of revised return also in many cases....

Read More
Posted Under: Income Tax |

Quick notes on Late fees under section 234F of Income Tax Act 1961

In this article, we will discuss some points about section 234F which can bring some clarity about application of the section. As we know that if the return of income is not filed on or before due date as per section 139, we have to pay late fee of Rs. 5000/- under section 234F. However […]...

Read More
Posted Under: Income Tax |

CBDT can provide relief in genuine hardships cases from Section 234F Fees

Considering the genuine hardships faced by certain classes of persons in filing return of income and not to impose a fee for a default which is beyond their control, it is proposed to insert section 234F and include it in the list of sections mentioned in clause (a) of sub-section (2) of section 119 of the Act, so as to enable the Board t...

Read More
Posted Under: Income Tax |

AOTAA files PIL before Orissa HC on the issue of late fee, interest & penalty under Income Tax

All Odisha Tax Advocates Association has filed an PIl before Orissa High Court with following Prayers- (i) Admit the Writ Petition; (ii) Issue notice to the opposite parties as to why writ in the nature of certiorari shall not be issued quashing/striking down “Clarification 1” given in Circular dated 09.09.2021 in respect of Section 2...

Read More
Posted Under: Income Tax |

Request to extend date of filing Income tax audit report & other forms

Chartered Accountants Association, Jalandhar has made a request to FM for Extension of specified date of filing tax audit report and other forms falling due on or before 15th January, 2022. Text of their representation is as follows:- CHARTERED ACCOUNTANTS ASSOCIATION (C R Building, Model Town Road, Jalandhar) For correspondence care:- CA...

Read More
Posted Under: Income Tax | ,

Joint representation for extension of due date of ITR/TAR

Joint representation fo Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with Covid-19 third wave...

Read More
Posted Under: Income Tax | ,

Extend specified dates of filing Tax Audit Report & other forms

Request for Extension of the specified date of filing the Tax Audit Report and other forms falling due on or before 15th January 2022 submitted with Hon’ble Union Minister of Finance by Chandigarh Chartered Accountants Taxation Association (CCATAX). CCATAX requested FM to extend the time limit / due date of filing of Income Tax audit [&...

Read More
Posted Under: Income Tax | ,

BJP Rajasthan requested for extension of Tax Audit Report due date

Rajasthan BJP Economic Cell has made a request for extension of due date of furnishing of Report of Audit under provision of the Income-tax Act, 1961 for the A. Y. 2021-22.  Full text of their representation is as follows:- Bharatiya Janata Party, Rajasthan Shri J.B. Mohapatra, Chairman – Central Board of Direct Taxes, Ministry of ...

Read More
Posted Under: Income Tax | ,

ACAE Requested due date extension for filing Tax & TP Audit

Association for Corporate Advisers and Executives (ACAE) made a Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing (TP) Reports to as follows:- 1) The due date of furnishing of Report of Audit under any provisions of the Act, which was 30 September 2021, and extended to 15 January 2022 is […]...

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Posted Under: Income Tax | ,

Request to extend due dates of Tax Audit Report & Other forms

Voice Of CA has made a Request for Extension of specified date of filing Tax Audit Report and other forms falling due on or before 15th January, 2022 to Smt Nirmala Sitaraman Ji, Hon’ble Minister of Finance, Government of India. Voice Of CA <voiceofca@gmail.com> Wed, Jan 5, 2022 at 12:52 PM To: fmo@nic.in | Cc: […]...

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Posted Under: Income Tax | ,

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