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Penalty for filling income tax return

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student
28 Points Posted on 23 March 2022
My net profit from business is less than 250000. Please tell me whether I have to pay penalty of Rs 1000 for filling income tax return for the P.Y. 20-21
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On 23 March 2022 at 11:30 Report
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141 Points Posted on 23 March 2022
Your income is below exemption limit therefore you can file your itr without paying late fees before 31st march 2022
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On 23 March 2022 at 11:32
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Indian Business Researcher
313 Points Posted on 23 March 2022
No penalty before due date
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On 23 March 2022 at 11:57
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CFO- at NHTF
58280 Points Posted on 23 March 2022
Is it proprietorship or Partnership ?

234F is not applicable for individual since income below BEL
59 Reply
On 23 March 2022 at 14:45
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Chartered Accountant
5010 Points Posted on 23 March 2022

In case of an individual if the total income of the assessee is less than Rs. 2,50,000 then you are liable to pay any penalty for late filing of GST return. 

8 Reply
On 23 March 2022 at 16:56


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