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 ______.
(A) ₹1,000
(B) ₹5,000
(C) ₹10,000
(D) ₹15,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Penalties and Interest

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic