PENALTY U/S 234F
This query is : Resolved
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NIRMAL DAVE
(Querist)
18 September 2022
Dear All
My income is Rs 585000 for FY 2021-22. In that RS 95000 is out of Long Term Capital Gain.
I am filing my income tax return on 18th September, 2022.
In that case what will be the amount of late filing fee u/s 234F Rs 1000 or Rs 5000??
Moreover Whether income after deduction u/s 80C or before deduction u/s 80C is considered for calculating penalty u/s 234F?
Thanks
Nirmal
My income is Rs 585000 for FY 2021-22. In that RS 95000 is out of Long Term Capital Gain.
I am filing my income tax return on 18th September, 2022.
In that case what will be the amount of late filing fee u/s 234F Rs 1000 or Rs 5000??
Moreover Whether income after deduction u/s 80C or before deduction u/s 80C is considered for calculating penalty u/s 234F?
Thanks
Nirmal
18 September 2022
1. Rs. 5,000/-
2. It is calculated on total income, so the deductions are not adjusted for the calculation of late fees.
2. It is calculated on total income, so the deductions are not adjusted for the calculation of late fees.
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NIRMAL DAVE
(Querist)
19 September 2022
Thank You Sir for your valuable reply.
19 September 2022
You are welcome..
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