Late fees on late filing of ITR, Income Tax

[CA AJAY KUMAR AGRAWAL]

As per proposal in Finance Bill 2017, a late fee is leviable in case of late filing of ITR. My question is in case Tax has been already paid within Previous Year / no tax is balance, whether in this situation also late fees is payable? Please share your views.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Late fee is applicable even though the tax has been paid in total and failed to file the return. Return is the basic document for assessment of tax.