Dear Sir
last date of ITR is 10 jan 2021. if i filed individual ITR income below 5 lakh after this date. Is their any penalty imposed on ITR. Or any late fees?
7 Replies
Irshad Ahmad
(Student)
(74 Points)
Replied 11 January 2021
So, that amount should be paid when filling the return??
and what if i show basic income below 250000 ?
and what if i show basic income below 250000 ?
Priyank Nema
(Bhopal)
(100 Points)
Replied 11 January 2021
If income below Rs. 250000 no provision of penalty apply till month of March 2021. but as per my above answer assume income 250000 to 500000
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 11 January 2021
Late fee will be imposed for 1000 rupees
Kapadia Pravin
(17264 Points)
Replied 12 January 2021
If you declare gross income below 250000/- but you are otherwise required to file ITR then penalty of 1000/-.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 23 January 2021
You have to pay late fee Rs.1000 u/s 271 F
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