I have total income of Rs. 245000 in F.Y 17-18 and i have not yet filled the return, if i file the return now, will i have to pay penalty??
2 Replies
Bibek jaiswal
(Accountant)
(528 Points)
Replied 30 September 2018
yes if you file return then you have to pay penalty of 1000/- Rs upto taxable income 500000/-
raja sekar
(1435 Points)
Replied 01 October 2018
If your gross income is 245000 ie before any deduction u/s 80c, 80ccd etc then there is no late fee or penalty. you can file now.
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