Return for f.y 2017-18
This query is : Resolved
shivam jain
(Querist)
20 October 2018
income tax return for f.y 2017-18 can be filed or not without penalty ????? if income is below rs 2,50,000
CA ANIL D. SARAF
(Expert)
20 October 2018
If the Total Income is below Rs. 2,50,000/- for the Assessment Year 2018-19, there is No Penalty for delayed Return filling. But if Total Income is exceeding Rs. 2,50,000/- even though there was no tax liability, the Penalty of Rs. 1,000/- for delayed Return filling have been payable.
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