Penalty levy under section 234E from which date and how much
This query is : Resolved
09 January 2022
Penalty under section 234E levy from which date and how much penalty can be levy.
or in the case of NIL returns than also how much penalty can be levy, please reply.
or in the case of NIL returns than also how much penalty can be levy, please reply.
09 January 2022
For returns filed under sec. 139(4), i.e. after 01.01.2022, late filing fees under sec 234F applicable as::
For income more than Rs. 5 lakhs... Rs. 5,000/-
For income upto Rs. 5 lakhs ... Rs. 1,000/-
For income below exemption limit... NIL.. (provided not required to file ITR u/s. 139(1) of the act)
For income more than Rs. 5 lakhs... Rs. 5,000/-
For income upto Rs. 5 lakhs ... Rs. 1,000/-
For income below exemption limit... NIL.. (provided not required to file ITR u/s. 139(1) of the act)
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