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nil return late fees
if taxable income is below taxable then late fee apllied? For AY 2018 19
Replies (3)
If aggregate income before any deductions is less than exempted limit, no late fee applicable.......
Sir, will there be late fee for returns with net loss from business?
For individual/HUF........... No. (but business loss will not be allowed to carry forward) (assuming aggregate income not exceeding BEL)
For others..... Yes.
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