Nill ITR
ANKIT JAIN (180 Points)
15 July 2018ANKIT JAIN (180 Points)
15 July 2018
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 15 July 2018
Yes sir if u r not filing return on or before 31/07/2018 u have to pay penalty amount of Rs.1,000 /-.
234F. Fees for default in furnishing return of income.—(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of said section, he shall pay, by way of fee, a sum of,—
(a) | five thousand rupees, if the return is furnished on or before the 31st day of December of the assessment year; | |
(b) | ten thousand rupees in any other case: |
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)