penality clause

if you total income below 250000 than no tax liability under 234F

234 F is regarding penalty for belated return after due date which states
penalty will be
5000- if filed after due date but upto 31st December
10000-in any other case
however penalty will be reduced to 1000 if incase total income is upto 5 lakhs.
so the assessee since has no tax liability,so there is no penalty under section 234 F.

thanks for detailed information.

Originally posted by : Krishna Kant shah
	234 F is regarding penalty for belated return after due date which statespenalty will be 5000- if filed after due date but upto 31st December10000-in any other casehowever penalty will be reduced to 1000 if incase total income is upto 5 lakhs.so the assessee since has no tax liability,so there is no penalty under section 234 F.

Even if NO TAX LIABILITY still a 1000/- INR penalty applicable from today ...message from the government is simple , either be compliant or face at least 1000/- INR monetary fine for late filling ....