{"id":5082,"date":"2020-07-25T18:03:44","date_gmt":"2020-07-25T12:33:44","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5082"},"modified":"2023-07-20T23:18:29","modified_gmt":"2023-07-20T17:48:29","slug":"section-234f-fee-penalty-for-delay-in-filing-income-tax-return","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/section-234f-fee-penalty-for-delay-in-filing-income-tax-return\/","title":{"rendered":"Section 234F -Fee for delay in filing Income-tax return"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69eaa8f0042dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69eaa8f0042dc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/section-234f-fee-penalty-for-delay-in-filing-income-tax-return\/#Section_234F_-Fee_Penalty_for_delay_in_filing_Income-tax_return\" title=\"Section 234F -Fee (Penalty) for delay in filing Income-tax return\">Section 234F -Fee (Penalty) for delay in filing Income-tax return<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/section-234f-fee-penalty-for-delay-in-filing-income-tax-return\/#Online_Income_Tax_Return_Filing_in_India_INCOME_TAX_E-FILING\" title=\"Online Income Tax Return Filing in India | INCOME TAX E-FILING\">Online Income Tax Return Filing in India | INCOME TAX E-FILING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/section-234f-fee-penalty-for-delay-in-filing-income-tax-return\/#Why_you_required_expert_advices_for_ITR_e-filling_expert\" title=\"Why you required expert advices for ITR e-filling expert?\">Why you required expert advices for ITR e-filling expert?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/Section-234F-Fee-Penalty-for-delay-in-filing-Income-tax-return..jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12557\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/Section-234F-Fee-Penalty-for-delay-in-filing-Income-tax-return..jpg\" alt=\"Section 234F -Fee (Penalty) for delay in filing Income-tax return\" width=\"824\" height=\"431\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/Section-234F-Fee-Penalty-for-delay-in-filing-Income-tax-return..jpg 302w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/Section-234F-Fee-Penalty-for-delay-in-filing-Income-tax-return.-300x157.jpg 300w\" sizes=\"(max-width: 824px) 100vw, 824px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Section_234F_-Fee_Penalty_for_delay_in_filing_Income-tax_return\"><\/span><span style=\"color: #ff0000;\">Section 234F -Fee (Penalty) for delay in filing Income-tax return<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Under this section, the fee (penalty) is levied if the Income-tax return is not filed within the due date.<\/li>\n<li>As per Section 234F of the Income Tax Act. Provisions of Section 234F of the Income Tax Act are as follows.\n<ul>\n<li><strong>Section 234F: <\/strong>New penalty for late <a href=\"https:\/\/www.caindelhiindia.com\/blog\/file-your-income-tax-return-itr\/\">filing of Income Tax Return<\/a> under section 234F is introduced in Budget 2017. This penalty is applicable for the assessment year.<\/li>\n<li>If a person who is compulsorily required to file<a href=\"https:\/\/carajput.com\/income-tax-services.php\"> Income Tax Return (ITR)<\/a> under section 139, doesn\u2019t file a return on time then he is liable to a penalty as follows<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td><strong>Total Income<\/strong><\/td>\n<td><strong>Return filed<\/strong><\/td>\n<td><strong>Fee (Penalty)<\/strong><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\">Exceeds Rs. 5 Lakh<\/td>\n<td>On or before 31st December of Assessment Year but after the due date<\/td>\n<td>Rs. 5,000\/-<\/td>\n<\/tr>\n<tr>\n<td>In any other case<\/td>\n<td>Rs. 10,000\/-<\/td>\n<\/tr>\n<tr>\n<td>Upto Rs. 5 Lakh<\/td>\n<td>After the due date<\/td>\n<td>Rs. 1,000\/-<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u00a0<\/strong><strong><span style=\"text-decoration: underline;\">Let us discuss the above provision below:-<\/span><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18287\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed.jpg\" alt=\"\" width=\"1140\" height=\"380\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed.jpg 1140w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed-300x100.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed-1024x341.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed-768x256.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/itr-filed-800x267.jpg 800w\" sizes=\"(max-width: 1140px) 100vw, 1140px\" \/><\/p>\n<p><strong><span style=\"text-decoration: underline;\">AMOUNT OF PENALTY<\/span><\/strong><\/p>\n<p><strong>For a person with a Total Income of more than Rs. 5,00,000. The penalty amount would be as follows:-<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25117\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites-.jpg\" alt=\"Penalty for non-filing of ITR before 31st July \" width=\"1080\" height=\"887\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites-.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites--300x246.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites--1024x841.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites--768x631.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/penalites--800x657.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<ol>\n<li><strong>If ITR is filed on or before 31st December following the last date \u2013 Rs. 5,000<\/strong><\/li>\n<li><strong>If ITR is filed after 31st December \u2013 Rs. 10,000<\/strong><\/li>\n<\/ol>\n<p><strong>For a person with a Total Income of up to Rs. 5,00,000 \u2013 Rs. 1,000<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Online_Income_Tax_Return_Filing_in_India_INCOME_TAX_E-FILING\"><\/span><span style=\"color: #000080;\">Online Income Tax Return Filing in India | INCOME TAX E-FILING<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>E-Filing Income Tax<\/strong>\u00a0return is a filling process via this Associations\/ Individuals\/HUF\/Businesses provide details related to their income whole Financial year and accordingly Income tax if needed to filed.<\/li>\n<li>Income tax e-filing\u00a0 Process comes into existence when the final income of the assesse is computed from all the sources and Subsequent income tax is computed.<\/li>\n<li>Different Income Tax form is specified that is based on the Income sources earned by assesse.<\/li>\n<\/ul>\n<p><strong>We offer our service in \u200ball Taxation and Various Registration related services \u200bmanaged by professional,<\/strong><span style=\"color: #000080;\"><strong>\u00a0<\/strong><\/span><\/p>\n<p><strong><span style=\"text-decoration: underline;\">our\u00a0<\/span><\/strong><strong><span style=\"text-decoration: underline;\">bouquets of\u00a0services portfolio\u00a0are<\/span><\/strong><strong><span style=\"text-decoration: underline;\">:<\/span><\/strong><\/p>\n<table width=\"871\">\n<tbody>\n<tr>\n<td><strong>S.No.<\/strong><\/td>\n<td><strong>COMPLIANCES<\/strong><\/td>\n<td><strong>NATURE OF COMPLIANCES<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>1<\/strong><\/td>\n<td><strong>INCOME TAX<\/strong><\/td>\n<td>Return Filing, Tax Deposit, TDS Returns, TAN, PAN, MAT, Tax Planning, NRI Taxation, Scrutiny, Assessments, Representing for Appeals etc.<\/td>\n<\/tr>\n<tr>\n<td><strong>2<\/strong><\/td>\n<td><strong>GST<\/strong><\/td>\n<td>Registration, GST Tax Deposit, Monthly &amp; Annually Return Filing, Input Credit, Department Notice, Assessment, And Other Compliance.<\/td>\n<\/tr>\n<tr>\n<td><strong>3<\/strong><\/td>\n<td><strong>COMPANY PVT. LTD.\/LTD\/LLP<\/strong><\/td>\n<td>Company Incorporation, Minutes, Annual Filing, Income Tax Return Filing, Routine Compliance, Section 8 Company, Nidhi Company, Inspection &amp; Investigation for Mergers &amp; Takeover.<\/td>\n<\/tr>\n<tr>\n<td><strong>4<\/strong><\/td>\n<td><strong>SOCIETY\/ TRUST (NGO)<\/strong><\/td>\n<td>Registration of Society\/Trust, All India society, MOA, Income Tax Return Filing, Registration 80G &amp; 12A, Utilization Certificates,\u00a0Regs in NITI Aayog\/NGO Darpan,\u00a0etc.<\/td>\n<\/tr>\n<tr>\n<td><strong>5<\/strong><\/td>\n<td><strong>PARTNERSHIP FIRM<\/strong><\/td>\n<td>Partnership Deed, Registration, Accounting, Income Tax Return Filing etc<\/td>\n<\/tr>\n<tr>\n<td><strong>6<\/strong><\/td>\n<td><strong>PROPRIETOR FIRM<\/strong><\/td>\n<td>Registration, Accounting, Income Tax Return Filing, Refund etc.<\/td>\n<\/tr>\n<tr>\n<td><strong>7<\/strong><\/td>\n<td><strong>IMPORT-EXPORT CODE<\/strong><\/td>\n<td>Registration<\/p>\n<p>\u200b &amp; \u200b<\/p>\n<p>Amendment<\/td>\n<\/tr>\n<tr>\n<td><strong>8<\/strong><\/td>\n<td><strong>ACCOUNTING<\/strong><\/td>\n<td>\u200bAccounting of \u00a0Prop. The firm, Partnership Firm, Company, Trust, Society, Proper Accounting in Tally, Ledger Management, Inventory Management, etc<\/td>\n<\/tr>\n<tr>\n<td><strong>9<\/strong><\/td>\n<td><strong>OTHER REGISTRATION &amp;COMPLIANCE<\/strong><\/td>\n<td>SSI\/MSME REGS, ESI, EPF, GMP CERTIFICATION, CGMP, HACCP, SA 8000, UL MARKING, CE MARKING ETC.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Why_you_required_expert_advices_for_ITR_e-filling_expert\"><\/span><span style=\"color: #000080;\">Why you required expert advices for ITR e-filling expert?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>As the deadline to submit income tax returns near, the pressure on paid individuals grows. Due to the large number of annual expense filers in recent times,<\/li>\n<li>It&#8217;s extremely difficult to find a CA or income tax filer who is ready to work for less money. Saving money on taxes is a major concern, particularly for people who get paid on a monthly basis.<\/li>\n<li>A re-visitation of getting back the allowance as TDS is required for some people.<\/li>\n<li>Few common mistakes which many persons or individuals do during the e-filing, Income tax return filling process like as:\n<ul>\n<li>Placing in incorrect personal details<\/li>\n<li>Choosing an incorrect Income tax form<\/li>\n<li>Failure in Form 26AS &amp; TDS information reconciliation<\/li>\n<li>Missing to reporting of source of Income<\/li>\n<li>Possible deductions that could be claimed<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Income tax e-filing 2020-21 have so many different deductions, new ITR forms, income tax slab rates &amp; income tax return due date extended etc.<\/p>\n<p>So as to minimize your Income tax amount and maximise your Income effectively you should required to be in touch with our ITR e-filing experts.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24686\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38.jpg\" alt=\"in\" width=\"1080\" height=\"917\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38-300x255.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38-1024x869.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38-768x652.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/07\/photo_2023-05-27_18-37-38-800x679.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Contract us to Know more about the consequences and penalties for late filing income tax returns. We also handle tax &amp; registration services ,\u00a0<\/strong><\/span><strong>We are always available with the best of our assistance and services for you.<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"E.FILING OF INCOME TAX RETURN | What is e-filing of income tax | Steps to file online income tax\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Rm8-4sWURMA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><strong>Popular Article :\u00a0<\/strong><\/p>\n<p><strong>\u200b<a href=\"https:\/\/carajput.com\/blog\/delay-in-the-deposit-of-employer-provident-fund-during-lock-down-will-not-levy-any-penalty\/\">Delay in the deposit of Employer provident fund during the lockdown<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/get-aware-for-penalty-of-section-234f-for-late-filing-of-itr\/\"><strong>Aware of the penalty of Section-234f for late filing of ITR<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 234F -Fee (Penalty) for delay in filing Income-tax return Under this section, the fee (penalty) is levied if the Income-tax return is not filed within the due date. As per Section 234F of the Income Tax Act. Provisions of Section 234F of the Income Tax Act are as follows. Section 234F: New penalty for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[9045,9044,9043],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5082"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=5082"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5082\/revisions"}],"predecessor-version":[{"id":25118,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5082\/revisions\/25118"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}