Penalty for it return of ay 2018-19

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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2018 Sir, if my income is below taxable limit and if i file my IT return after 31.07.18, will I have to pay penalty for late filing ?

CA R SEETHARAMAN (Expert)
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18 July 2018 Rs 1000 penalty payable.

Bhaskaran Chackrapani Warrier (Expert)
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18 July 2018 @ Seetharaman Ji
Seems NO per corollary to section 234F(2). Emphasis- 'required to be furnished'.

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