Mysuru/Mysore: With the insertion of new Section 234F under Income-Tax Act, 1961 it is levied a fee for delay in filing the Income-Tax (I-T) return for the Assessment year 2019-20 (Financial Year 2018-19). Any person who is earning Salary, Pension or any other income, who have not filed their I-T return for the Financial Year 2018-19, shall file by paying a fee of Rs.10,000 before 31.3.2020.
However, the fee payable is restricted to Rs.1,000 for small tax-payers whose total income of Rs.5 lakh is arrived after allowing all deductions.
Therefore, kindly file the Income Tax return for the Financial Year 2018-19 on or before 31.3.2020, avoid losing last opportunity, according to a press release from N.D. Shreenivaas of Bhavani Associates, Mysuru.
This post was published on March 15, 2020 6:30 pm