Penalty for late filing of return

No.... Late Fee not applicable.

As per section 139 of the income tax act every person , if his total income during the previous year exceeded  the maximum amount which is not chargeable to income tax  shall  furnish  return before due date , respected madam in your case  Total income is 240000/-  less than 250000/- so  in my view it is not necessary to file return . 

please confirm with other also 

Yeah.... You are correct.



But, The query is about sec 234F....



Please see the Query and with Querist's qualify... 😍

Agree with Raja Sir

As per the new law, a penalty of Rs 5,000 will be levied if the return is filed after the due date but before December 31 of that year and Rs 10,000 post December 31. However, as relief to small taxpayers, if your income is not more than Rs 5 lakh, the maximum penalty levied will be Rs 1,000.

Finance Ministry has extended the deadline to file ITR by a month from July 31, 2018 to August 31, 2018. Therefore, if you file your ITR post August 31, deadline, you will be liable to pay penalty.