Dear all,
I am filing income tax return now for one of my clients. but penalty u/s 234f is not appearing in java utility. it is presumptive income and income is less that 2.5 lakhs
kindly suggest if something is wrong.
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Filing after due date
Replies (2)
If Your GTI is less than BEL (2.5l before deduction of Cha VI-A) then penalty not applicable.
In Excel utility 234F is appearing under Interest and fee payable. Which ITR it is ?
if income (before chapter VI A ) does not exceed 250000/- (for senior citizen 3 lakhs) then you don't have to pay any penalty under 234F
if income (before chapter VI A ) does not exceed 250000/- (for senior citizen 3 lakhs) then you don't have to pay any penalty under 234F
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