Section 234F, Penalty for revised return

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Dear Sir/Madam,
I have one doubt about levy of penalty u/s 234F for filing revised return
Replies (1)

No. Not Applicable.

234F applies when the assessee fails to furnish the return within the prescribed time u/s 139(1)

Whereas revised return is filed u/s 139(5)

So, once you file your ITR within the prescribed due date, revising it later will not attract late fees.

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,—


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