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July 13 To July 19, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 21to such demands. The actions required to be
performed by the taxpayer are as under:
1 Login to https://incometaxindiaefiling.gov.
in then go to e-file menu and click on
‘Response to Outstanding Tax Demand”.
2 Select one option out of the following:
(a) Demand is correct
(b) Demand is partially correct
(c) Disagree with demand
3 If option of “Demand is correct” is selected
then a pop up is displayed as ‘If you
confirm that demand is correct, then
you cannot subsequently disagree with
the demand’. If any refund is due to
assessee then outstanding demand along
with interest will be adjusted against
refund. If no refund is due to assessee
then taxpayer has to immediately pay
the demand.
4 If an option of “Demand is partially
correct” is selected then taxpayer is
required to enter the “Amount which
is correct” and “Amount which is in-
correct”. After selecting amount which
is incorrect taxpayer should mandatorily
fill up reasons from the specified list.
5 If an option of “Disagree with demand”
is selected then taxpayer is required to
furnish the details of disagreement with
demand along with the reasons from
the specified list.
6 After the taxpayer submits the response
the success screen would be displayed
along with the Transaction ID.Q 51. Income-tax department has raised a
demand against Mr. A for the Assessment
Year 2018-19. Mr. A didn’t pay the tax
demand. He filed ITR for next assessment
year in which refund was claimed. Whether
refund claimed by Mr. A can be adjusted
against his pending tax demand?
The CBDT has framed centralized scheme
wherein all e-filed returns are processed by
the central processing centre (CPC), Bangalore.
CBDT has empowered the CPC to make ad-
justment of tax demand against the tax refunds
due to assessee. Thus, refund claimed by Mr.
A can be adjusted with the demand standing
against him for the Assessment year 2018-19.
Q 52. Whether I need to pay fee under
Section 234F if there is a delay in filing of
income-tax return for A.Y. 2019-20?
The Finance Act, 2017 has introduced a new
section 234F to levy fees if assessee does not
furnish the return of income on the due dates
prescribed under Section 139(1). The amount
of such late filing fees shall be as follows:
1 ` 5,000 if return is furnished after the
due date but before December 31 of
the Assessment Year [` 1,000 if total
income is up to ` 5 lakhs].
2 `10,000, in any other case.
After introducing this new provision,
the assessees shall be required to pay
the late filing fees under section 234F
along with interest under sections 234A,
234B and 234C before filing of return
of income. The Income-tax Deptt. shall
not be required to initiate the penalty
proceedings separately to levy such fees
on late filers. The details of fees levied
under Section 234F shall be reported in
Part B TTI.
Q 53. Income of Mr. Y is less than the
maximum exemption limit. He wants to
file his return of income after the expiry
of due date. Whether he shall be liable for
payment of Section 234F fee?
Fees under section 234F is levied if assessee
files Income-tax return after expiry of due
date. The section levies penalty only on those
assessees who are required to file return un-
der section 139. If income of assessee doesn’t
exceed the maximum exemption limit then
he is not required to file income-tax return
under section 139. Therefore, Mr. Y isn’t
required to pay fees under Section 234F for
delay in filing of Income-tax return.FAQs ON INCOME-TAX RETURNS FOR ASSESSMENT YEAR 2019-20