becker
CIBIL
gst course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Late Fees for nill return


Meena Teli   24 November 2020

Meena Teli

 4 likes  95 points

| My Other Post

I want to submit nill return FY. 18-19
in the month of November 2020
Any late fees applicable??

1 Like
SiJo JoSe

SiJo JoSe   24 November 2020

SiJo JoSe

 24 points

View Profile | My Other Post

1000rs

ayusmita

ayusmita (Tax consultant)     24 November 2020

ayusmita
Tax consultant 
 364 likes  5454 points

View Profile | My Other Post

If below 2.5 lakh then no late fee
if above then late fees of 1000 with interest till that day

 

rama krishnan

rama krishnan   25 November 2020

rama krishnan

 1016 likes  11130 points

View Profile | My Other Post

No where in the act it's said that late fees is applicable only if there's tax liability Ms. ayusmita. in my opinion late fees of 1000 is applicable

2 Like
ayusmita

ayusmita (Tax consultant)     25 November 2020

ayusmita
Tax consultant 
 364 likes  5454 points

View Profile | My Other Post

Sorry sir I retify my mistake

I mean below and above but written tax liability

My mind in in late fee yesterday so

Sorry again sir

Late fees are not applicable for nil return or below tax level people means 2.5 lakhs se below 

JATINDER KUMAR

JATINDER KUMAR (Accountant)     25 November 2020

JATINDER KUMAR
Accountant 
 262 likes  3642 points

View Profile | My Other Post

If Taxable Income upto 2.5 Lac - Late Fees will not be applicable


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags