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
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
