Late fees u/s 234F....

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Self employed
2193 Points Posted on 24 July 2024
How much will be the late fee if income tax return is filed after 31st July?
regards,
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On 24 July 2024 at 18:04 Report
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This discussion clarifies the late fee applicable under Section 234F of the Income Tax Act for filing returns after the 31st July deadline. If your total income exceeds £5 Lakhs and you file late, the fee is £5000. For incomes of £5 Lakhs or less, the late fee is £1000, assuming the due date hasn't been extended.

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SEO Sai Gr. Hosp.
212506 Points Posted on 24 July 2024

Unless the due date been extended beyond 31st July, 2024 ...

If your total income is more than 5 Lakhs & return is filed after the due date, Fee = Rs. 5000

If the total income is less than or equal to 5 Lakhs & return is filed after the due date, Fee = Rs.1000.

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On 24 July 2024 at 18:33
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Self employed
2193 Points Posted on 24 July 2024
Ok sir
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On 24 July 2024 at 19:12
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SEO Sai Gr. Hosp.
212506 Points Posted on 24 July 2024

You are welcome.            

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On 24 July 2024 at 19:29

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