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sez. 234F for late filing income tax.

mohammad tarique sohail (accountant) (195 Points)

29 September 2018

I have a partnership firm which is in audit. being a partner I have not filed my income before audit. can I pay fees under section 234F. what is the process.

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6 Replies

ashima khurana (104 Points)
Replied 29 September 2018

same is happening with me. and software is calculating penalty.if income is more than 250000

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Shivam gupta (student) (263 Points)
Replied 29 September 2018

No, you are not required to pay fee u/s 234 F .
due date of return for a working partner of a firm (covered under Tax Audit) is 15 Oct for AY 2018-19.

ashima khurana (104 Points)
Replied 29 September 2018

so why software is calculating

Shivam gupta (student) (263 Points)
Replied 29 September 2018

since date was extended recently. It may be possible that software was not updated by the vendor. In that case, contact your software vendor for further update.