NISHANT SHAH (Tax Practioner) (235 Points)
05 January 2017
Ashoka G
(Student CA IPC / IPCC)
(115 Points)
Replied 09 January 2017
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 09 January 2017
In addition to what Mr. Ashok has said, the late fee would be restricted to max 20,000
NISHANT SHAH
(Tax Practioner)
(235 Points)
Replied 09 January 2017
what will be the late filing fee if one wants to file nil return
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 10 January 2017
Law doesnot differentiate between NIL return and regular return for the purpose of late fee.
However since the tax liability is nil, you could take contention not to pay late fee which is again subject to litigation.
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