20 February 2020
Penalty for late filing by an assessee who is required to file the return is as follows:- + 5,000 if filed on or before 31 st december,
+ 10,000 in any other case.
+ 1,000 if taxable income will not exceed 5,00,000.
29 February 2020
Since your gross total income is less than 5lacs, you may have to pay 1000/- u/s 234F.
After due date before December 31st: Late fee
1000/- if the income upto 5lacs
5000/- if the income above 5lacs...
After December 31st & before 31st march: Late fee
1000/- if the income upto 5lacs
10000/- if the income above 5lacs
CAclubindia
