I want to file ITR return F.Y.18-19 but it is bill return My question is what is penalty payable for return filling in the month of November
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Quick Summary
This discussion addresses filing Income Tax Returns (ITR) for the financial year 2018-19. The user is inquiring about penalties for late filing in November, specifically noting that their tax liability is nil. The response clarifies that if the return is nil (no tax payable), there are no late fees. Late fees of £1000, along with interest, apply only when there is a taxable amount due.