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Late fee for AY 19-20

Vijay Mohan (637 Points)

17 September 2020

i am filing the return for AY 19-20

shall I pay late fee since last date was 30 Sept 20

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3 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 17 September 2020

As per Section 234F (Late fee)
1. if Income below Exemption limit than late fee is ZERO
2. if income more than basic Exemption limit but total income less than 5,00,000 than late fee will be "Rs. 1000"
3. if total income more than 5,00,000 than late fee will be Rs. 5000 / 10,000 as the case may be

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Vijay Mohan (637 Points)
Replied 17 September 2020

But the last date was extended. hence the return was deemed to be filed within due date

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 17 September 2020

Last date to file belated return u/s 139(4) extended, which is 31st March, 2020 as originally.
(Not original date which is July, 2019) to file return u/s 139(1) of Income tax Act, 1961