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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Late fee for FY 2021-22
Replies (3)
Quick Summary
1000/- under section 234F + interest on tax liability
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.
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.
@ Kishore ,
Nil Tax or Nil income ?
Nil Tax or Nil income ?
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