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Monday, 8 July 2024

ITR Late fees for AY 24-25- Curious Case!!

ITR Late fees for AY 24-25- Curious Case!!

Total Income - 6.50 Lacs (All normal Income)
Tax Payable - NIL , Late Fee - Rs. 5000

Higher late fee of Rs. 5000 shall be applicable even in cases when Tax Payable is NIL as default New regime provides for Nil Tax till 7 Lacs (normal Income), But Total Income Limit u/s 234F is still 5 lacs i.e.
<= 5 Lacs-Rs 1000
> 5 Lacs -Rs. 5000

📌Till last Ass year Higher Late fee was applicable only in cases when Tax was payable by Assessee.

Tuesday, 2 July 2024

GST CIRCULARS From 2017 से 2024 तक

GST CIRCULARS From 2017 से 2024 तक





CA Pritam Mahure and Associates