Which Total Income to check for the limit of 5,00,000
GTI or NTI
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Section 234F
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section 234F says about penalty for not furnishing income as per Section 139
as per Section 139 Return is mandatory if Gross Total income (Before claiming exemption of 10(38)) exceeds basic exemption then penalty will be levied
in simple GTI
as per Section 139 Return is mandatory if Gross Total income (Before claiming exemption of 10(38)) exceeds basic exemption then penalty will be levied
in simple GTI
As per srinivas pyata clerification GTI is right
but there is a relaxation, if the total income of a person does not exceed 5,00,000 the fee payable under sec 234F is 1000
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