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

Posted by Accounting and Taxation at 12:24 AM

Labels: Income Tax