Late Return filled penalty

01 September 2018

If an assessee has to pay penalty if he has to fill nill return??

Reply
Follow
Share

7 Replies

Kanika khetan (Sr. Associate) (331 Points)
Replied 01 September 2018

May I know that to which return are you refering to ?

Dhyan Salot (3 Points)
Replied 01 September 2018

I filled nill return in form ITR 1

Kanika khetan (Sr. Associate) (331 Points)
Replied 01 September 2018

there is no penalty for nil returns

RATAN (STUDENT) (130 Points)
Replied 01 September 2018

I think no penalty for nil returns

Thillai Natarajan (Tax practitioner) (75 Points)
Replied 01 September 2018

If your Income is below 250000 , There is no late fee

(Guest)

No penalty for nil return.. Agreed with Kanika

Sajid Ansari (16 Points)
Replied 02 September 2018

under section 234F there will be panelty if your income below 5 lakh is 1000 and above 5 lakh panelty is 5000

Start a New Discussion