Late fees u/s 234F
This query is : Resolved
04 December 2021
Hello all.
Is late fee 234F levieble on filing belated return, even if aggregate income is below 5 Lacs.
Thanks
ASAP
Is late fee 234F levieble on filing belated return, even if aggregate income is below 5 Lacs.
Thanks
ASAP
04 December 2021
YES.
As per section 234F of Income Tax Act, if a person is required to an file Income Tax Return (ITR forms) as per the provisions the of Income Tax Law [section 139(1)] but does not file it within the prescribed time limit then late fees have to be deposited by him while filing his ITR form.
As per section 234F of Income Tax Act, if a person is required to an file Income Tax Return (ITR forms) as per the provisions the of Income Tax Law [section 139(1)] but does not file it within the prescribed time limit then late fees have to be deposited by him while filing his ITR form.
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