I tax late fee

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if any person file return after 31aug2018.....and income less than 250000 ....then any late fee is liable......and also claim refund
Replies (7)
I think no late fees liable on Nil rated tax

Yes . Income Tax Return Fees (Penalty) of Rs. 1000 will be applicable in your case.

Originally posted by : mdhussain 2603
if any person file return after 31aug2018.....and income less than 250000 ....then any late fee is liable......and also claim refund

If GTI  is less than BEL then penalty not levied...

 

*** Total Income means before all deductions then only. It means such income not liable u/s 139(1) of IT Act...

sir......any circular
Circular...?!
What circular...?!


That's the latest Amendment in income tax u/s 234F.
PLEASE NOTE 😊 CBDT has further extended the due date of filing ITR till 5th September.

No Notification has been issued and there is no Extension of due date.

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