Big relief to taxpayers! Additional interest and late fee will be refunded to taxpayers, Income Tax Department said – due to software glitch

If you have also been charged late fee and more interest during Income Tax Return Filing for the financial year 2020-21, then the money of additional interest and late fee will be returned to you.

The Income Tax Department has extended the ITR filing deadline for the last financial year from July 31 to September 30, 2021. Some taxpayers had complained that late fees and interest are being charged from them if they are filing tax returns after July 31, 2021.

If someone has filed ITR and has been charged wrong late fee or interest, then any excess amount generated after correct calculation during the process of CPC-ITR will be refunded.

The Income Tax Department has said that the ITR software was revised on August 1 itself to correct the mistake caused due to incorrect calculation of interest. The tax department has advised taxpayers to use only its latest version for filing ITR.

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