Search Results For: Fee for default in furnishing return of income -Levy of fees for delayed furnishing return of income.

QUERY: Does levy of fee for delayed filing of return apply to the below taxable income return? Moreover, if income is below taxable after deduction under Chapter VI-A, (for example net income is Rs. 3,90,000/- and deduction under section 80C is Rs. 1,50,000/-), will the late fee be levied in this case? (for A.Y. 2018-19).
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Question of levy of fee will not arise as income is below taxable limit and therefore he is not liable to file return of income