Insertion of new section 234F.

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....the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2018, namely:- Fee for default in furnishing return of income. "234F. (1) Without prejudice to ....

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.... year; (b) ten thousand rupees in any other case: Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousa....