LATE FEE ON DELAY IN FILING INCOME TAX RETURN FOR THE YEAR ENDED *31ST MARCH, 2018 (Asst.Yr: 2018-19)* under sec. 234F:
1. If Return filed during 01/04/2018 – 31/07/2018 : Late Fee *NIL*
2. If Return filed during 01/08/2018 – 31/12/2018 : Late fee Rs. *5000*
If total income does not exceed Rs.5 Lakhs then this Late fee will be restricted to Rs. *1000*
3. If Return filed during 01/01/2019 – 31/03/2019 : Late Fee Rs. *10000*
If total income does not exceed Rs.5 Lakhs then this Late Fee will be restricted to Rs. *1000* only.
Better Get your ITR filed by 30/06/2018
to avoid last moment panic due to any technical problem such as AADHAR LINKING, AADHAR mismatch, server problem, personal problem, etc.
Else file ad-hoc return and later on revise as no fees is leviable on revised return...
