whether late fee is payable,if FY 18-19(AY 19-20) is filed before 30nov 2020? if yes what is the amount of late fee?
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Quick Summary
This discussion clarifies the late filing fees for income tax returns (ITR) for FY 18-19 (AY 19-20). If filed after the original deadline but before the extended date of 30th November 2020, a late fee is generally payable. The fee is typically Rs 10,000, but it is capped at Rs 1,000 if your total income does not exceed Rs 5 lakh.
However, individuals should remember that those filing belated ITR for FY 2018-19 now would require to pay a late filing fee of Rs 10,000. However, if the total income does not exceed Rs 5 lakh, then maximum late filing fee will not exceed Rs 1,000