Fee for Delay in Income Tax Return Filing under Indian Income Tax Law : Clause 428 of the Income Tax Bill, 2025 Vs. Section 234F of the Income-tax Act, 1961
2 July, 2025
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Late filing fee for income tax returns: income linked penalties retained, alongside other liabilities and administrative discretion. Clause 428 imposes a fee where a person required to furnish a return under Section 263 fails to file within the prescribed time, with an income linked ... Summary
Late filing fee for income tax returns: income linked penalties retained, alongside other liabilities and administrative discretion.
Clause 428 imposes a fee where a person required to furnish a return under Section 263 fails to file within the prescribed time, with an income linked structure: a higher fee for those above a specified income threshold and a capped lower fee otherwise; the clause operates without prejudice to interest, penalties, or prosecution and retains administrative discretion through "not exceeding" wording for the lower slab.
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