Repeat Question
If taxable income ( gross ) is less than 2.50 Lac for the f.y. 18-19 , whether the penalty is levied or not, if i want to file an Income Tax return ?
Repeat Question
If taxable income ( gross ) is less than 2.50 Lac for the f.y. 18-19 , whether the penalty is levied or not, if i want to file an Income Tax return ?
| Originally posted by : Sagar Patel | ||
 |
If your Gross total Income (i.e Income before Claiming any Deduction u/s 80C to 80U) is less than Rs. 2.50 Lakh, than there is "NO LATE FEE/Penalty".For F.Y 2018-19 last date is 30th September, 2020. |  |
I believe the last date for filing tax return for AY 2019-20 is now extended to 30th Nov 2020.
NO LATE FEES AT ALL........... .........
FOR LESS THAN 2.50 LAC .............. ??????? NO...... IT DOESN'T..................
RIGHT & THANK YOU....... SAGAR BHAI..............
CAclubindia
