If a person is filing late tax under 44AD should they include the tax liability and the penalty in the self-assessment or not?
Also please example how the calculation for the penalty will be carried out under 44ad
Menu
Tax penalty
Replies (4)
Yes... You can pay Self Assessment Tax for the Tax amount with Late Fee...
If Your Gross Total Income is less than 2.5 laksh (Before all deduction under sec 80C & Cha-VIA) then late fee not applicable...
2.5 lakhs to 5.0 lakhs then Rs 1000 is late fee...
5.0 lakhs & above then 10k*** late fee applicable
These all are AY 18-19...
2.5 lakhs to 5.0 lakhs then Rs 1000 is late fee...
5.0 lakhs & above then 10k*** late fee applicable
These all are AY 18-19...
Recent Threads
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
Related Threads
CAclubindia
