WebFeb 23, 2024 · 24 February 2024 Notice u/s 139(9) is issued when return is found defective and a period of 15 days is provided to the assessee to resolve the same, however if … WebPenalty under Section 234F. As per Section 234F of the Income Tax Act of 1961, the penalty to be paid for shirking ITR deadlines is essentially classified as a late fee. The Section …

Penalty Section 234F for Late Income Tax Return Filers

WebPenalty under Section 234F. As per Section 234F of the Income Tax Act of 1961, the penalty to be paid for shirking ITR deadlines is essentially classified as a late fee. The Section 234F late fee is automatically applied after transgression of the due date assigned as per the schedule released and updated by the Income Tax Department every year ... WebMay 4, 2024 · Reduction of tax credit u/s 115JB/115JC; Wrong rate of tax; Others; Penalty/Additional Tax payable: If updated return is filed. within 12 months from the end of the relevant assessment year , the additional tax/ penalty is … black friday bushfire location

Penalty Calculator for Late ITR Filing under Section 234F

WebJan 8, 2024 · Income tax payment of late fees/penalty u/s 234f has to be done if Income tax return 2024-23 has been filing after due date.In this video, We have discussed ... WebJan 11, 2024 · Late Fees U/s 234 F As per section 234F if any assessee who is liable to file return u/s 139 fails to file return on or before the due date specified u/s 139(1) Menu. … WebPenalty for Late Filing u/s 234F According to the laws of the Income Tax Act, 1961, a taxpayer has to file the Income Tax return on-time i.e. within the pre-defined time limit. If a taxpayer fails to file the Income Tax Return within the pre-defined time limit set by the Income-tax Department, then the taxpayer will have to pay penalty under ... black friday bushfires 1938