Penalty on late filing of it return
This query is : Resolved
TARIQUE RIZVI
(Querist)
25 June 2018
What will be the consequences If we file IT Return for the Ay 2018-19 after 31st July 2018 ? What is the slab of penalty ?
26 June 2018
The fee (penalty) will be as follows:
Return is filed on or before 31st December of Assessment Year but after due date
and total Income exceeds Rs. 5 Lakh Rs.5000
Return is filed on or before 31st December of Assessment Year but after due date
and total Income do not exceeds Rs. 5 Lakh Rs. 1000
In any other case Rs.10000
Return is filed on or before 31st December of Assessment Year but after due date
and total Income exceeds Rs. 5 Lakh Rs.5000
Return is filed on or before 31st December of Assessment Year but after due date
and total Income do not exceeds Rs. 5 Lakh Rs. 1000
In any other case Rs.10000
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