Due date of 139(1) for F.Y. 2019-20

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 16 September 2020

It's 30th November, 2020

Nidhi

Chief Accountant

3150 Points Posted on 17 September 2020

What is last date for F.Y 2018-19 ITR.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 17 September 2020

For F.Y 2018-19 last date to file return is 30th September, 2020

Nidhi

Chief Accountant

3150 Points Posted on 17 September 2020

Is there any late fee for filing return.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 17 September 2020

If your Income is below exemption limit for AY 2019-20 and you file your belated return now (last date is 30th September, 2020) than you are not liable to pay any late Fees under sec 234F.

But if income is more than basic Exemption limit, than Late fee applicable.

Nidhi

Chief Accountant

3150 Points Posted on 17 September 2020

If my income is more than basic limit than how much late fee payable.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 17 September 2020

As per Section 234F
1. if Income below Exemption limit than late fee is ZERO
2. if income more than basic Exemption limit but total income less than 5,00,000 than late fee will be "1000"
3. if total income more than 5,00,000 than late fee will be 5000 / 10,000 as the case may be