Fee for default in furnishing return of income [ Section 234F ] - Income Tax - Ready Reckoner - Income Tax

Fee for default in furnishing return of income [Inserted by FA, 2017, w.e.f. 1-4-2018 ] [ Section 234F ] After 1st April 2021 Where a person required to furnish ROI u/s 139 , fails to do so within the time prescribed u/s 139(1) shall has to pay, by way of fee- a sum of Rs. 5,000/-; If total income of person does not exceed Rs.5,00,000, the fee payable under this section shall does not exceeds of Rs.1,000. Upto 31st March 2021 Where a person required to furnish ROI u/s 139(1) , within the time prescribed u/s 139(1) shall has to pay, by way of fee, a sum of- Rs.5,000, if return is furnished on or before 31st December of AY. Rs.10,000 in any other case. if total income of person does not exceed Rs.5,00,000, the fee payable under this section shall be Rs.1,000.