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Vikas Mahajan   24 September 2020

Section 234f

if a person has 10lakh agriculture income and it is the only income of a.y 19-20. so, now if we file itr of a.y 19-20 , whether 234f attracted?


 9 Replies

Suresh Rathi

Suresh Rathi   24 September 2020

Yes, for filing ITR 234f will be attracted
1 Like
Vikas Mahajan

Vikas Mahajan   24 September 2020

But as per 234f if total income exceeds maximum amount chargeable to tax then he is liable to pay penalty under 234f. but in my case whole income is exempt.
damodar sarda

damodar sarda (CA Practice )     24 September 2020

234 F will not attract.
vinayak landge

vinayak landge (B.Com)     25 September 2020

I think, if total income is upto 5 lakh then there Rs. 1000 penalty. In your case the total income is 0, but still if you file the return after due date penalty of 1000 will be attracted
sabyasachi mukherjee

sabyasachi mukherjee   25 September 2020

Agricultural income is not taxable as such.
damodar sarda

damodar sarda (CA Practice )     25 September 2020

Fee for default in furnishing return of income.

234F. [1] Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section [1] of the said section, he shall pay, by way of fee, a sum of,—
Sagar Patel

Sagar Patel (Tax and Business Consultant)     28 September 2020

@ Mr. Vikas Mahajan

If a Person has 10 Lakh (or let's say 1 Crore) Agriculture income and it is the only income of A.Y 19-20. And if now, you file ITR of A.Y 19-20, than ther is "NO LATE FEE" u/s 234F as your total income is Exempt from tax...
1 Like
Vikas Mahajan

Vikas Mahajan   28 September 2020

Thank u @ sagar patel
Sagar Patel

Sagar Patel (Tax and Business Consultant)     28 September 2020

Most welcome.......

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