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Late fee for FY 2021-22

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Accountant for multiple small entities
171 Points Posted on 14 February 2023
Hi Experts

good evening

Could someone please advise how much late fee can be charged for a nil return pertains to Financial year 2021-22 if it is filed in February 2023

Thanks in advance
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On 14 February 2023 at 18:24 Report
Replies (3)
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CFO- at NHTF
58280 Points Posted on 14 February 2023
1000/- under section 234F + interest on tax liability
59 Reply
On 14 February 2023 at 18:34
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Chartered Accountant
86505 Points Posted on 14 February 2023
Whether query of for GST or income Tax???

For GST, late fee is Rs. 20 per day for each month/quarter maximum upto Rs. 500/-

For income tax , late fee is nil if income is below 2.5 lakhs.
814 Reply
On 14 February 2023 at 23:45
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CFO- at NHTF
58280 Points Posted on 23 February 2023
@ Kishore ,

Nil Tax or Nil income ?
59 Reply
On 23 February 2023 at 07:11


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