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NRI ITR vs 234F Late fees

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Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 31 August 2022

Is NRI required to pay late fees u/s 234F if annual income is below 2.5lacs ?

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Quick Summary

This discussion clarifies whether Non-Resident Indians (NRIs) need to pay late fees under Section 234F of the Income Tax Act if their annual income is below the exemption limit of £2.5 Lakhs. The consensus is that these fees are not applicable in such cases, as the income falls below the threshold requiring tax payment and thus avoids the late filing penalty.