WebJun 30, 2024 · The latest details on the late fee under section 234F: In Budget 2024, no change was made in the late fee provisions u/s 234F. It will apply to the existing taxation slabs as well as the new tax system. … WebAug 1, 2024 · If you are filing your ITR now (belated ITR), then you will have to pay a late filing fee. A late filing fee/penalty for filing belated ITR is levied under section 234F of the Income-tax Act, 1961. As per the law, a late filing fee of Rs.5,000 will be levied on individuals who file belated ITR. However, as a respite to small taxpayers, the late ...
How to Pay Income Tax Late fees u/s 234F online. Pay Income ... - YouTube
WebPENALTY U/S 234F (FEES) FOR LATE FILING OF ITR. Under this section, the fee (penalty) is levied if the Income-tax return is not filed within the due date. It is likely to be increased from 1st April 2024 onward as per Section 234F of the Income Tax Act. Provisions of Section 234F of the Income Tax Act are as follows. WebJan 23, 2024 · 2. What is fees under section 234F? As per section 234F, in case of default, the defaulter is required to pay a late fee of INR 5,000 in … cindy goovaerts
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WebDec 22, 2024 · Late Fees Under Section 234F for A.Y. 2024-23. Here we come with a complete list of multiple late fees as per the section for the assessment year 2024-23. You can check the section-based late fees in … WebJan 29, 2024 · Section 234F reads as follows: “(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income u/s 139, fails to do so within the time prescribed in sub-section (1) of the said section, he shall pay, by way of a fee, a sum of five thousand rupees:. Provided that if the total income of the person does not exceed … WebJan 11, 2024 · Meaning of Due Date U/s 139(1) Non Audit Cases : 31st July. Audit Cases : 31st Oct, ... NOTE : Any Company, Firm and any other assessee whose are liable for … cindy goodman game awards