Penalty for late IT return filling

Tax Concept (Business & Economy Website) (134 Points)

03 February 2018

Respected Members,
My question is that what is the penalty for return filed after due date for A.Y. 2018-19.
Thanks in advance.

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 03 February 2018

Maximum Rs. 10000 as per Section 234F is a new provision introduced by the Finance Act, 2017

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Tax Concept (Business & Economy Website) (134 Points)
Replied 03 February 2018

Thanks

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 03 February 2018

You are Most welcome....

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