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Late Return filled penalty
If an assessee has to pay penalty if he has to fill nill return??
Replies (7)
May I know that to which return are you refering to ?
I filled nill return in form ITR 1
there is no penalty for nil returns
I think no penalty for nil returns
If your Income is below 250000 , There is no late fee
No penalty for nil return.. Agreed with Kanika
under section 234F there will be panelty if your income below 5 lakh is 1000 and above 5 lakh panelty is 5000
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