Late fees for loss making firm.

Pay the fees as per the intimation. The procedure will be there in the intimation.

As per Sec 139(1)(a), a firm is compulsorily required to file the ITR irrespective of basic exemption limit.
As per Sec 234F late fee is to be charged if return is not filed within due date as required by sec 139(1). Since the belated return is filed by the firm, late fee will be applicable.

No late fee will be charged as you declare loss, so go for rectification .

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