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234F in case of Nil return

Others 337 views 2 replies

Jigar Jadav

1 Points Posted on 09 October 2019

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 ??

Replies (2)

Kapadia Pravin

17264 Points Posted on 10 October 2019

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

sundhar jkn

205 Points Posted on 10 October 2019

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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