NIL ITR AND PENALTY ISSUE
This query is : Resolved
TARIQUE RIZVI
(Querist)
27 October 2019
Sir
Taxable Income should be less than 3 lacs for senior citizens as per books of accounts or as per computation of income ? Which income shall be considered for imposing the penalty u/s 234-F.
Please guide me and oblige.
Taxable Income should be less than 3 lacs for senior citizens as per books of accounts or as per computation of income ? Which income shall be considered for imposing the penalty u/s 234-F.
Please guide me and oblige.
CA R SEETHARAMAN
(Expert)
28 October 2019
1 As per computation.
2 Gross total income before considering exemptions.
2 Gross total income before considering exemptions.
CA Shiv Kumar Sharma
(Expert)
30 October 2019
As per Books of Accounts. Gross taxable Income is considered without giving effect to any Deduction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- Form 144 TDS Return Validation Error – Mandatory Fields
- Applicability of tax on invoice
- Intimation under section 245
- GST ITC as per notification 12/2023- central tax
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
