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penalty under section 234
Should we pay penalty under section 234 even for filing nil return?
Replies (5)
Yes, But if Gross Total Income is less than 2.5 lacs there is no such penalty.
Madam,
penalty u/s 234f is whose gross total income[i.e.,before sec 80 deductions] exceeds 2,50,000 .[A.Y 18-19 return]
File before 31-12-2018
< 2.5 - penalty nil
<5.0 - 1,000
>5.0- 5,000
File after 31-12-2018
<5.0 - 1,000
>5.0 -10,000.
penalty u/s 234f is whose gross total income[i.e.,before sec 80 deductions] exceeds 2,50,000 .[A.Y 18-19 return]
File before 31-12-2018
< 2.5 - penalty nil
<5.0 - 1,000
>5.0- 5,000
File after 31-12-2018
<5.0 - 1,000
>5.0 -10,000.
i agree with soma.
submitted return u/s 44ADA within due date revised return submitted within time limit shall attract 234F
No.
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