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Penalty limit
i want to file itr (income is less than 250000) for AY 20-21. is my ITR is liable to pay penalty of ₹1000??
Replies (6)
Quick Summary
No any late fee less than 250000/-
No penalty but file with in two three days will be better
No penalty will levied it if gross total income is less than 2.5 lakh
No penalty if gross income below 250000/-. However if you are required to file return under a proviso in 139 , penalty is levied .
No late fees will be imposed in your case
No penalty if gross total income is below 2.5 lakh
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