Late Fee Charge on Gross total Income or Net Taxable Income (i.e. After Deducting U/S VIA)
If My GTI is 5.50 Lakh and After deduction My income is 4.50 Lakh How many Late fee charge to me.
Total taxable income, after chapter VIA deductions.... (for amount of penalty)
but Sec. 234F shall be applicable as soon as the aggregate income exceeds BEL.......
CAclubindia
