Categories
Pagination Scroll
Sanjib Basak

Penalty under section 271 F...
Sir
A taxable payer income less than Rs 250000 lakh. He want to ITR 1 file for FY 17-18. He will file return after due date, then penalty is applicable or not?
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Actually, i think you refer to the late fee penalty (5000 Rs)under 234 F ...Note that persons for whom the gross total income is below threshold level , there is no late fee penalty ...best way to yourself figure out such things practically is fill up the return and determine the taxes computed by t...
  • September 2, 2018
  • ·
  • Like
  • ·
  • Select as Answer