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penalty u/s 234F

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123
45 Points Posted on 31 August 2019
will penalty also levied on income file below 250000 after the due date?
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On 31 August 2019 at 14:34 Report
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525 Points Posted on 31 August 2019
if GTI less than basic exemption limit no fees shall be payble
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On 31 August 2019 at 14:42
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17264 Points Posted on 31 August 2019
If your total income is below 5 lakhs then late fee of 1000/- under 234F is charged.

There are different views also that income is below taxable basic limit you don't have to pay fee under 234F.
It's confusing till CBDT clarifies it
101 Reply
On 31 August 2019 at 15:13
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Income & Corporate Tax Lawyer
383 Points Posted on 31 August 2019
The basic limit of year 2019-20 is 2.5L
you can file your return without any penalty. because when section 234F is levied thn you can not claim 87A rebate.
That's why you can file your return without any penalty.
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On 31 August 2019 at 15:35
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123
45 Points Posted on 31 August 2019
but 234F does not specify that penalty won't be levied on income below 250000
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On 31 August 2019 at 15:40


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