NIL ITR AND PENALTY ISSUE

This query is : Resolved 

27 October 2019 Sir

Taxable Income should be less than 3 lacs for senior citizens as per books of accounts or as per computation of income ? Which income shall be considered for imposing the penalty u/s 234-F.

Please guide me and oblige.

28 October 2019 1 As per computation.
2 Gross total income before considering exemptions.

30 October 2019 As per Books of Accounts. Gross taxable Income is considered without giving effect to any Deduction




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