Hi,
Will penalty under section 234F be levied if the return is filed after 31st August 2018 and the total income is below the basic exemption limit.
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Penalty for late filing of ITR
Replies (3)
Yes, you are liable to pay late fees of Rs 1000, if return file after 31.08.2018
If Gross Total Income is BEL then the sec not levied...
GTI = All the Incomes before any deductions.
GTI = All the Incomes before any deductions.
no late fees will be levied, if the gross total income is below taxable limit but if the taxable income (after eligible deduction) is below taxable limit, late fee will be levied
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