Rgarding fee u/s 234F

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11 Points Posted on 21 February 2020
if an individual assessee is a non resident and he file income tax return after 31st december and his total income is also below limit then would he liable of late fee or rs. 1000?
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On 21 February 2020 at 00:16 Report
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This discussion clarifies the applicability of the late fee under Section 234F for non-resident individuals filing their income tax returns after December 31st. Even if the total income is below the basic exemption limit, a late fee of £1000 may still apply. However, if the total income, before any deductions, does not exceed £250,000, then no penalty under Section 234F is levied.

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229 Points Posted on 21 February 2020
Late fees upto RS 1000.
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On 21 February 2020 at 01:03
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51 Points Posted on 21 February 2020

yes, 234F late fine of Rs. 1000/- is levied

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On 21 February 2020 at 14:23
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17269 Points Posted on 21 February 2020
However if Total Income before any deductions ( under section 80C 80D) etc does not exceed basic limit of RS 250000/- then No penalty under 234F is levied at all.
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On 21 February 2020 at 15:30

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