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Late fee for AY 19-20

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669 Points Posted on 17 September 2020
i am filing the return for AY 19-20

shall I pay late fee since last date was 30 Sept 20
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On 17 September 2020 at 10:36 Report
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Tax and Business Consultant
11616 Points Posted on 17 September 2020
As per Section 234F (Late fee)
1. if Income below Exemption limit than late fee is ZERO
2. if income more than basic Exemption limit but total income less than 5,00,000 than late fee will be "Rs. 1000"
3. if total income more than 5,00,000 than late fee will be Rs. 5000 / 10,000 as the case may be
66 Reply
On 17 September 2020 at 12:24
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669 Points Posted on 17 September 2020
But the last date was extended. hence the return was deemed to be filed within due date
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On 17 September 2020 at 14:55
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Tax and Business Consultant
11616 Points Posted on 17 September 2020
Last date to file belated return u/s 139(4) extended, which is 31st March, 2020 as originally.
(Not original date which is July, 2019) to file return u/s 139(1) of Income tax Act, 1961
66 Reply
On 17 September 2020 at 17:36


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