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Regarding penalty
Sir I an Accountant, From the reliable source I know that no penalty will be imposed after due date, in Case the income of the assesses is less than 3.00 Lac Sir please assure about that Thanking you
Replies (1)
The basic limit is 2.5 lakhs (for senior citizens it is 3 lakhs)
There are different views but mostly no penalty / late fee under 234F if taxable income fall below the aforesaid limit.
There are different views but mostly no penalty / late fee under 234F if taxable income fall below the aforesaid limit.
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