Thursday, April 20, 2017

penalty for late income tax filing

Delay in filing income tax return after AY: 2018-19, Penalty is Rs.5000 under Sec 271 F
  1. Fees for late filing of ITR introduced (to be paid before filing) 
  2. Such fees to be paid under self- assessment - mandatory irrespective of cause

Dagliya & Co.,
Charted Accountants


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