The total income of Ram is ₹4,90,000 and due date of filing the return of income for A.Y. 2019-20 is 31st July, 2019. The return by Ram shall be filed on 20th September, 2019. The late fee payable for late filing of retu

CS Executive · Tax Laws and Practice · PYQS · June 2019
The total income of Ram is ₹4,90,000 and due date of filing the return of income for A.Y. 2019-20 is 31st July, 2019. The return by Ram shall be filed on 20th September, 2019. The late fee payable for late filing of return of income shall be:
(A) ₹1,000
(B) ₹5,000
(C) ₹10,000
(D) No late fee upto income of ₹5 lakh

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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