Penalty on late filing of it return

This query is : Resolved 

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





You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query