Ay 19-20 Penalty u/s 234-F
This query is : Resolved
20 February 2020
Gross receipt ( Job Work Receipt ) Rs 8,85,455
Net Profit Rs 1,07,757 @ 12.17%
If we file ITR-4 for the Ay 19-20 u/s 44-AD while taking the effect of the above data, whether shall be levied any penalty u/s 234-F of Rs 10,000
Actually what is the slab of 234-F Penalty for the Ay 2019-20
With kindest regards
Net Profit Rs 1,07,757 @ 12.17%
If we file ITR-4 for the Ay 19-20 u/s 44-AD while taking the effect of the above data, whether shall be levied any penalty u/s 234-F of Rs 10,000
Actually what is the slab of 234-F Penalty for the Ay 2019-20
With kindest regards
20 February 2020
If status of assessee is 'individual' , 234 F will not attract on the said case.
20 February 2020
Penalty for late filing by an assessee who is required to file the return is as follows:-
+ 5,000 if filed on or before 31 st december,
+ 10,000 in any other case.
+ 1,000 if taxable income will not exceed 5,00,000.
+ 5,000 if filed on or before 31 st december,
+ 10,000 in any other case.
+ 1,000 if taxable income will not exceed 5,00,000.
20 February 2020
234F penalty shall not get attracted in such a case of individual
29 February 2020
Since your gross total income is less than 5lacs, you may have to pay 1000/- u/s 234F.
After due date before December 31st: Late fee
1000/- if the income upto 5lacs
5000/- if the income above 5lacs...
After December 31st & before 31st march: Late fee
1000/- if the income upto 5lacs
10000/- if the income above 5lacs
11 March 2020
ON INDIVIDUAL INCOME BELOW 2.5 LAKH NO PENALTY UNDER 234F IS ATTRACTED UPTO 31 MARCH 2020
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