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COMPULSORY LATE FEE ON DELAY IN FILING INCOME TAX RETURN FOR THE YEAR ENDED 31ST MARCH, 2018 (Asst.Yr: 2018-19) under sec. 234F for non audit cases : 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 (Five Thousand) If total income does not exceed Rs.5 Lakhs then this Late fee will be restricted to Rs.1000 only. 3. If Return filed during 01/01/2019 – 31/03/2019 : Late Fee Rs.10000 (Ten Thousand). 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 mismatch, server problem, personal problem, etc. TIME FOR LINKING AADHAAR WITH PAN IS EXTENDED TILL 30TH JUNE 2018.
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