applicability of sec 234f

Originally posted by : Anonymous
	If any person files his return after due date u/s 139 (1) but on VOLUNTARY BASIS i. e. his GTI is less than Basic exemption limit.. Then is he still required to pay late fees?

Yes... Applicable.

No late fees will be paid if income declared is below exemption limit i.e. Rs 2.50 lakh. This is because such a person is not required to file his return u/s 139(1) and as per section 234F, late fees is leviable on late filing of return in cases where a person was mandatorily required to file income return as per section 139(1).