ITR U Penalties/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. According to Section 140B of the Income Tax Act, the taxpayer submitting an Amended Return must additionally include documentation of the payment of tax and penalties. Without the payment of additional taxes, ITR U cannot be completed. → Case 1 is when No ITR was submitted earlier. The following must be paid if the taxpayer has not submitted an Original ITR as required by Section 139(1), a Revised ITR as required by Section 139(5), or a Belated ITR as required by Section 139(4). → Taxes due and owing interest in Sections 234A, 234B, and 234C → Section 234F late fee for a late ITR filing → Extra Tax → A 25% additional tax of the total amount of tax and interest is due if a taxpayer files an ITR after the deadline for a revised or delayed ITR but before the period of 12 months from the end of the applicable assessment year. → If a taxpayer submits an ITR after the relevant assessment year has ended, but before 24 months have passed since that date, they are required to pay an extra tax equal to 50% of the total amount of tax and interest due. → However, under Sections 89, 90, 90A, 91, 115JAA, or 115JD, such taxpayers may submit a claim for credit for Advance Tax, TDS, TCS, and Relief. → Case 2 is about the previously filed ITR. The following tax must be paid by the taxpayer if they have submitted an Original ITR under Section 139(1), a Revised ITR under Section 139(5), or a Belated ITR under Section 139(4). → After deducting interest that has already been paid, tax on extra income is added on top of interest. → Separate tax → A 25% additional tax of the total amount of tax and interest is due if a person files an ITR after the deadline for a revised or delayed ITR but before the period of 12 months from the end of the applicable assessment year. → If a taxpayer submits an ITR after the relevant assessment year has ended, but before 24 months have passed since that date, they are required to pay an extra tax equal to 50% of the total amount of tax and interest due. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting nocs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.