Blog posts : "234f"

Applicability of Section 234F in case of AOP or BOI

The provisions of Section 234F (Fees for default in furnishing return of income) of the Income Tax Act,1961 are:-

Where a person required to furnish a return of income under section 139, fails to do so within due date, he shall pay:-

(a)Rs. 5,000/- if the return is furnished…

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Section 234F - Fee (Penalty) for delay in filing Income-tax return

1. What is Section 234F?

With reference to Section 234F of Income Tax Act, if it is mandatory for an individual/entity to file Income Tax Return (ITR forms i.e. ITR-1,2,3,4,5,6,7) as per the provisions of Income Tax Law [section 139(1)] but does not file it within the prescribed time limit, then …

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