posted 26 Jan 2018, 23:38 by CAnaresh dott com
- new rule has come that does not allow asst.17-18 filing beyond march 2018.
- also some late fee of rs.1000 / 5000/ 10000 is also prescribed if return is not filed on or before due date, that depends on net taxable income.
- if return is filed after due date but before 31st December than late fee payable will be rs 5000
- if return is filed after 31st December than late fee payable will be rs 10000.
- if total income does not exceed 5 Lakhs during the year than late fee payable will be rs 1000.
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