Late filing fees for tax returns apply after the due date, with a reduced fee if income below threshold. Late filing under section 234F attracts a late filing fee of Rs.5,000 if the return is furnished after the due date under section 139(1), but a reduced ... Summary
Late filing fees for tax returns apply after the due date, with a reduced fee if income below threshold.
Late filing under section 234F attracts a late filing fee of Rs.5,000 if the return is furnished after the due date under section 139(1), but a reduced fee of Rs.1,000 applies where the taxpayer's total income does not exceed the specified lower threshold.
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