Is there a penalty under section 234F for filing belated return?

Megha (Student) (25 Points)

28 March 2019

If you have a refund, and you are filling a belated return, would you be liable for penalty of section 234F for A.Y. 2018-19?

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5 Replies

Anitya ( ) (287 Points)
Replied 28 March 2019

Yes. Late Fee will be deducted from your TDS refund.

PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1448 Points)
Replied 29 March 2019

late fee will be adjusted

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 29 March 2019

late fee liability depends on your total income and not on tax liability or tax refund. so definitely it's applicable

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Prantosh Paul (Accountant) (6 Points)
Replied 23 April 2019

return submitted u/s 44ADA within due date revised return submitted within time limit shall attract 234F

Madhvi kashyapa (student) (290 Points)
Replied 24 April 2019

No late fees for revised return, when original return filed within due date.

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