Dear all,
I am filing income tax return now for one of my clients. but penalty u/s 234f is not appearing in java utility. it is presumptive income and income is less that 2.5 lakhs
kindly suggest if something is wrong.
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 September 2019
If Your GTI is less than BEL (2.5l before deduction of Cha VI-A) then penalty not applicable.
Kapadia Pravin
(17259 Points)
Replied 26 September 2019
In Excel utility 234F is appearing under Interest and fee payable. Which ITR it is ?
if income (before chapter VI A ) does not exceed 250000/- (for senior citizen 3 lakhs) then you don't have to pay any penalty under 234F
if income (before chapter VI A ) does not exceed 250000/- (for senior citizen 3 lakhs) then you don't have to pay any penalty under 234F
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