CA Student
15927 Points
Joined May 2011
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,—