Ram Nath a resident individual having income of salary and interest on deposits has computed his total income at ₹9,00,000 for assessment year 2020-21. He wants to furnish his return of income for assessment year 2020-21
CS Executive · Tax Laws and Practice · PYQS · December 2020
Ram Nath a resident individual having income of salary and interest on deposits has computed his total income at ₹9,00,000 for assessment year 2020-21. He wants to furnish his return of income for assessment year 2020-21 after the due date as prescribed under section 139(1) likely on or by 30.01.2021. As per section 234F of Income Tax Act, 1961, he is liable to pay fee of ______.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Penalties and Interest
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