Hey All,
From this year (AY 2018-19), there is a fees for late filing of income-tax returns:
1. For cases when Income exceeds Rs 5 lakhs and return is filed after due date but before 31 December : Rs 5000/-
2. For cases when Income is below Rs 5 lakhs and return is filed after due date but before 31 December : Rs 1000/-
3. For any other case: Rs 10,000/-
please note that this fees is mandatory in nature and cannot be waived off.
So make sure you get your due dates correct and file in time:
Due dates are as under:
1. For non-tax audit and non-transfer pricing cases: 31 July
2. For tax audit cases: 30 September
3. For transfer pricing cases: 30 November
From this year (AY 2018-19), there is a fees for late filing of income-tax returns:
1. For cases when Income exceeds Rs 5 lakhs and return is filed after due date but before 31 December : Rs 5000/-
2. For cases when Income is below Rs 5 lakhs and return is filed after due date but before 31 December : Rs 1000/-
3. For any other case: Rs 10,000/-
please note that this fees is mandatory in nature and cannot be waived off.
So make sure you get your due dates correct and file in time:
Due dates are as under:
1. For non-tax audit and non-transfer pricing cases: 31 July
2. For tax audit cases: 30 September
3. For transfer pricing cases: 30 November
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