Dear Sir/Madam,
If total income of a individual in F.Y 2017-18 is Rs.240000 and He file his income tax return after due date i.e 31st August,2018 , Then either he is required to pay late fee Rs. 1000 or not?
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Return of Income
Replies (3)
yes late fees of 1000 Will be payable
No...
If Assessee's total Income not exceeding BEL then the Penalty (u/s 234F) is not levied if he is filling after 31st August 18...
If Assessee's total Income not exceeding BEL then the Penalty (u/s 234F) is not levied if he is filling after 31st August 18...
if one's gross income before any deduction is below 2.5 lakhs no late free whereas income above 2.5 and below 5 lakhs late fee ₹1000 and if income above 5 lakhs 5000 ₹ but after 31.12.18 and upto 31.03.19 it is ₹10000
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