Please let me know the following cases whether assessee can be fined if ITR filed after 31.07.17:
1. Where total income after deduction is below 2.5 Lakhs;
2. Where total income is 2.5 lakhs;
In both case Rs. 1000/-
After July 31, then you would have to pay a late fee of upto Rs 10,000. However, if your income is below taxable limit then you won't have to pay it even if you file after the deadline.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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