Late Fee For ITR 4

362 views
User Avatar

Accoutant
257 Points Posted on 08 January 2020
What is Late Fee if taxable income under 500,00,/-
0 Reply Share Follow
On 08 January 2020 at 16:56 Report
Replies (3)
Quick Summary
This discussion clarifies the late filing fee for ITR 4 returns. The penalty, as per section 234F, is determined by your taxable income. For incomes below ₹5 lakhs, the late fee is ₹1,000. For incomes exceeding ₹5 lakhs, the fee increases to ₹5,000 if filed by 31st December, and ₹10,000 if filed by 31st March.

User Avatar

295 Points Posted on 08 January 2020
10000 will be levied
Reply
On 08 January 2020 at 18:38
User Avatar

17269 Points Posted on 08 January 2020
Late fee for late filing of return depend upon taxable income (under 234F)

a. 1000 if taxable income < 5 lakhs
b. 5000 if > 5 lakhs upto 31st Dec
c. 10000 if > 5 lakhs upto 31st March 2020

In your case taxable income less than 5 lakhs so late fee will be 1000/- only.
1 Reply
On 08 January 2020 at 19:08
User Avatar

Sr. Audit Asst.
28 Points Posted on 09 January 2020

AND WHAT'S PERIOD IS APPLICABLE AS 31ST DECEMBER OR 31 MARCH

Reply
On 09 January 2020 at 16:53

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. PCIT-1 Thane Email address
  2. CA Fees deduction for non audit case allowed?
  3. 5th Letter PAN Mismatch with Surname issues still
  4. Criteria to hire an article
  5. Guidence requested for a Finance Professional with
  6. Expert Opinion Required &#8211; Form 140 Gross Amo
  7. WRONG TAX DEMAND - formal responses , rectificatio
  8. Foreign remittance
  9. Affordable Residential Flats in Gurgaon
  10. Manufacturing

More recent discussions | Post

Related Topics :

Loading