Penalty u/s 234F

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ACCOUNTANT
110 Points Joined April 2014

If my gross total income is above rs. 3 lac

and total taxable income is below 250000 after deductions

Will penalty affect or not??

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On 14 January 2019 at 19:06 Report
Replies (11)
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Penalty levied as per sec 234F if You are file after due date.
1 Reply
On 14 January 2019 at 19:15
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ca
143 Points Joined June 2012
if taxable income is below exemption limit then no penalty will be levied.
1 Reply
On 14 January 2019 at 20:53
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12244 Points Joined May 2017
you have to pay minimum late fee of rs. 1000 since your gross total income is in excess of amount not chargeable to tax
1 Reply
On 14 January 2019 at 22:25
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CA
3430 Points Joined January 2019
if the return furnished after 31 july but before 31 dec then 5000 after 31 dec it will be 10000



but your total income is less than 5 lac then maximum fee 1000
2 Reply
On 14 January 2019 at 22:49
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Student CA Final
12692 Points Joined October 2012
You have to pay Fee of Rs. 1,000 u/s 234F.
1 Reply
On 15 January 2019 at 01:18
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student
5205 Points Joined February 2009

you have to pay 1000 

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On 15 January 2019 at 11:57
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Chartered Accountant
91 Points Joined June 2012

Penalty will be levid as the GTI exceeds Rs. 250000 of Rs. 1000 

 

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On 15 January 2019 at 14:13
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Chartered Accountant
162 Points Joined April 2012

Minimum Late Fees of Rs. 1000/- will be leviable in this case.

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On 15 January 2019 at 18:45
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29 Points Joined November 2018
if gross total income less than 2.5l & filed in December though penalty will be charged?
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On 30 January 2019 at 13:45
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Accountant
6 Points Joined November 2017
return submitted within due date u/s 44 ADA after revised return submitted within time limit shall attract 234F
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On 23 April 2019 at 23:55
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student
312 Points Joined February 2019

@ Prantosh Paul

No.

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On 24 April 2019 at 06:50


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