Software glitch: Income Tax Department to refund excess amount paid

New Delhi, August 11

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The Income Tax Department on Wednesday said it will refund the excess interest and late fee paid by taxpayers due to software error while filing ITR for 2020-21.

The last date for filing ITR for last financial year has been extended till September 30 from July 31.

However, some taxpayers complained that interest and late fee was charged while filing after July 31, 2021. The department in a tweet said the ITR software was rectified on August 1 itself to remove the error due to incorrect computation of interest under Section 234A and late fee under Section 234F of the I-T Act.

“Taxpayers have been advised to use the latest version of the ITR preparation software or file online. If, by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be refunded,” the department tweeted. — PTI