NIL ITR AND PENALTY ISSUE
This query is : Resolved
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.
28 October 2019
1 As per computation.
2 Gross total income before considering exemptions.
2 Gross total income before considering exemptions.
30 October 2019
As per Books of Accounts. Gross taxable Income is considered without giving effect to any Deduction
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