If you have a refund, and you are filling a belated return, would you be liable for penalty of section 234F for A.Y. 2018-19?
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Is there a penalty under section 234F for filing belated return?
Replies (5)
Yes. Late Fee will be deducted from your TDS refund.
late fee will be adjusted
late fee liability depends on your total income and not on tax liability or tax refund. so definitely it's applicable
return submitted u/s 44ADA within due date revised return submitted within time limit shall attract 234F
No late fees for revised return, when original return filed within due date.
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