WebAmount of Penalty. For person with Total Income of more than Rs. 5,00,000. If ITR is filed on or before 31st December following the last date – Rs. 5,000. If ITR is filed after 31st … WebDec 3, 2024 · please kindly help me in which column we have to enter penalty amount. Thanking you. Bhaskaran Chackrapani Warrier (Expert) Follow. 03 December 2024 + …
Section 234F -Fee (Penalty) for delay in filing Income-tax return
WebJul 26, 2024 · There are three sections-- 234A, 234B and 234C -- under the Income Tax Act 1961, under which a taxpayer is required to pay interest in case of delay in paying tax. Like last year, the government ... WebApr 10, 2024 · The Supreme Court Monday held that no penalty shall be leviable under section 271C of the Income Tax Act over mere belated remittance of the tax deducted at source (TDS) after its deduction by the assessee concerned. The top court noted that section 271C of the Act deals with penalty for failure to deduct TDS. It said as per settled … svai verona orari
Penalty on Late Filing of Income Tax Return – Section 234F
WebSep 24, 2024 · However, this penalty is not applicable to all for belated return filing. If a person's gross total income does not exceed the basic exemption limit, then he/she will not be liable to pay penalty on late filing of ITR as per Section 234F of the Income Tax Act 1961. Gross total income as mentioned in section 139(1) refers to the total income ... WebAs per section 234F of the Income-tax Act, taxpayers must pay a penalty for delay in filing ITR. In simple words, if you fail to file your tax returns within the deadline for the current … Web"234F. Fees for default in furnishing return of income.—(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of said section, he shall pay, by way of fee, a sum of,— svaj001