Late filing of nil income tax_ITR3


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This discussion clarifies penalties for late filing of a nil income tax return (ITR3) for proprietorships with business income below tax slabs. While a late fee may apply, if your total aggregate income before deductions is less than £2,50,000, no late fee will be charged.

09 August 2023 Please let me know if there is any penalty for late filing of nil income tax return (my proprietorship, business income is below tax slabs)... For ITR3

09 August 2023 Yes, Late Fee applicable.

09 August 2023 What is your aggregate income, before any deductions or exemptions?

09 August 2023 If the total income is less then 2,50,000 , no late fee.


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