This discussion clarifies the fine for late filing of Returns of Income (ROI) for the assessment year 2021-22. While the general filing deadline was extended to 31st December 2021, a Rs. 5000 fine applies for filings beyond 31st July 2021. However, this fine is waived for filings made up to 30th September 2021. The penalty is also not applicable to Non-Resident Indians (NRIs) until 30th September.
10 August 2021
Even thouh the dates for filing of Returns have been extended upto 31.12.2021, does one has to pay fine of Rs.5000/ for delayed filing i.e. beyond 31.7.2021?