If gross total income is above the basic exemption limit but after deduction net total income is under the basic exemption limit i.e. Nil tax is payable
Then, whay 234F is attract ??
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234F in case of Nil return
Replies (2)
The 234F is based on whether assessee is required to file return or not.
Return is mandatory in case your income is exceeding basic limit before deductions under chapter VIA that is 80C 80D etc
And so late fee under 234F accordingly
Return is mandatory in case your income is exceeding basic limit before deductions under chapter VIA that is 80C 80D etc
And so late fee under 234F accordingly
234F will be attracted in this case. since your income exceeds basic limit. Once u claim deduction, 234F will be applicable. Suppose ur income not exceeded basic limit, then 234F is not applicable
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