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Privide details for not filing ITR

Abhishek M (not) (68 Points)

02 March 2020

What is the penalty for not filing ITR if an individual does not file ITR if his/her taxable income if more than Rd. 2.5 lakhs in the financial year? Please reply in details.

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6 Replies

Kapadia Pravin (17259 Points)
Replied 02 March 2020

Welcome to join Forum on 29th Feb

What is reason for delay ?

For AY 2019-2020 , you can File it before 31st March with late fee under 234F of 1000 or 10000 depending upon total income

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rama krishnan (12239 Points)
Replied 03 March 2020

As on now there's no specific section to levy penalty for not filing ITR but if case opened for assessment under section 148, then you may have to pay late fees of rs. 1000 or 10000 as the case may be, in addition to penalty under section 270A, subject to conditions

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 03 March 2020

You can't call it as penalty.Its late fee.

Below 5lacs income -Late fee will be Rs.1000/-

Above 5lacs -10000/- for AY-2019-20 since December deadline got over