Penalty levy under section 234E from which date and how much

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Daya (Querist)
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09 January 2022 Penalty under section 234E levy from which date and how much penalty can be levy.

or in the case of NIL returns than also how much penalty can be levy, please reply.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 January 2022 For returns filed under sec. 139(4), i.e. after 01.01.2022, late filing fees under sec 234F applicable as::
For income more than Rs. 5 lakhs... Rs. 5,000/-
For income upto Rs. 5 lakhs ... Rs. 1,000/-
For income below exemption limit... NIL.. (provided not required to file ITR u/s. 139(1) of the act)