Late fee for AY 19-20

i am filing the return for AY 19-20

shall I pay late fee since last date was 30 Sept 20
Replies (3)
Quick Summary
This discussion clarifies the late fee implications for Assessment Year 19-20 under Section 234F of the Income Tax Act. It explains that the late fee depends on your total income, with zero fee if income is below the exemption limit, Rs. 1000 if income is between the exemption limit and Rs. 5 lakhs, and Rs. 5000 or Rs. 10,000 for higher incomes. Importantly, the extended deadline for belated returns to 31st March 2020 means many may not incur a late fee if filed within this period.

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
But the last date was extended. hence the return was deemed to be filed within due date
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

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