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penality clause

01 September 2018

assessee has no tax liability for A.Y.2018-19. he wants to file return after due date. for this 234F is applicable. please clarify.

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4 Replies

Vishal Soni (88 Points)
Replied 01 September 2018

if you total income below 250000 than no tax liability under 234F

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Krishna Kant shah (20 Points)
Replied 01 September 2018

234 F is regarding penalty for belated return after due date which states
penalty will be
5000- if filed after due date but upto 31st December
10000-in any other case
however penalty will be reduced to 1000 if incase total income is upto 5 lakhs.
so the assessee since has no tax liability,so there is no penalty under section 234 F.

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Vl Subrahmanyam (36 Points)
Replied 01 September 2018

thanks for detailed information.

Saifullah Khalid (Autodidact/Curious ) (633 Points)
Replied 01 September 2018

Originally posted by : Krishna Kant shah
	234 F is regarding penalty for belated return after due date which statespenalty will be 5000- if filed after due date but upto 31st December10000-in any other casehowever penalty will be reduced to 1000 if incase total income is upto 5 lakhs.so the assessee since has no tax liability,so there is no penalty under section 234 F.

Even if NO TAX LIABILITY still a 1000/- INR penalty applicable from today ...message from the government is simple , either be compliant or face at least 1000/- INR monetary fine for late filling ....