The Income Tax Department will refund excess amount of interest and late fee paid by taxpayers during the return filing for FY21.
In a tweet, the department said that the income tax return filing software was rectified on August 1, 2021 to remove the error due to incorrect computation of interest u/s 234A and late fee u/s 234F.
"Taxpayers have been advised to use the latest version of the ITR preparation software or file online," it said.
Also Read | Equity indices shed initial gains; healthcare, auto stocks plunge
"If, by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be correctly calculated while processing at CPC-ITR and the excess amount paid, if any, will be refunded in the normal course," it said.
The department tweeted in response to a news report.
The deadline for filing ITR for the last financial year was extended to September 30, 2021, in a bid to provide relief to taxpayers amid the pandemic.
Also Read | France's economic activity close to pre-pandemic level
