Question ID :
38094
079710
We have filed ITR for AY 2018-19 in the m/o. July 2018 and send ITR V to CPC Banglore office through Post However the same was not received by them by whatsoever reason . Now we revise the same return on Dec. 18 and file revised return NOw Intimation U/s. 143(1) recd. and they calculate Late fee Rs. 5000/- u/s 271 F . What is remedy
Posted by
SANDEEP KAPOOR
on
Apr 15, 2019
Filed Under
DIRECT TAXES
A ITR is not treated as filed unless it is verified through any method. Hence revised return is treated as belated return and 271F penalty is levied. No option except to pay the penalty.
Posted by
CA. chunauti dholakia on
Apr 16, 2019
Answer ID :
76500
Pay Rs 5000/- This is only remedy available with you
Posted by
CA. BISHT RAKESH on
Apr 18, 2019