Dear Experts, one of my friend not fill itr A. Y. 2019-20. His Total gross Receipts 460000/- Net profit 265000/- TDS deducted 23000/-pls suggest fill itr A. Y 2019-20. Any penalty.
Effective from the financial year 2017-18, a late filing fee will be applicable for filing your returns after the due date i.e. 31 August 2019 under section 234F. The maximum penalty is Rs. 10,000.If you file your ITR after the due date (31 August) but before 31 December, a penalty of Rs 5000 will be levied. For returns filed later than 31 December 2019, the penalty levied will be increased to Rs.10,000. There is a relief given to small taxpayers – the IT department has stated that if the total income does not exceed Rs 5 lakh, the maximum penalty levied for delay will be Rs 1000.
The time limit to file ITR for AY 2019-2020 has gone. You have to take approval under section 119 (2) for filing RoI. Penalty will be very less as compared to TDS refund of 23000/-. Hurry up
Sorry , it is 234A .. HURRY UP AY 2018 19. YOU HAVE TO PLACE A REQUEST THRU YOUR LOGIN ID AND PLACE AN INTIMATION REQUEST. THEN YOU CAN FILE U/SEC 119 (2) B CONDONOTION DELAY.
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