Consequences of Not Filing the Return Of Income within the Due Date or for Not Furnishing the Return Of Income

 

Table of Contents:

 

·         1. [Section 234A(1)]- Interest for default in furnishing return of income under section 139(1) or (4) or in response to a notice under section 142(1):

o    Rate of Interest :

o    Period for which Interest is parable:

o    Amount on which interest is parable:

·         2. Fee for delayed filing of return of income

o    [Section 234F]- Fee for default in furnishing return of income.

§  Amount of fee payable for late filing of return of income [Section 234F(1)]:

§  Provision applicable for return furnished for assessment year 2018-19 and onwards [Section 234F(2)I:

§  Prosecution:

 


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