Effective April 1, 2018, Section 234F was inserted in the Income Tax Act. It deals with a “fee” for a default in furnishing return of income. As per this provision, income tax assessees, who fail to file their IT returns within the prescribed time, would have to pay a fee for default. The late fee is deducted automatically.
The provision is unmindful of the difficulties faced by senior citizens and the differently-abled. Further, it does not provide any leeway for the delay in filing IT returns due to genuine reasons such as sickness, chronic ailments, maternity, marriage, death in
The provision is unmindful of the difficulties faced by senior citizens and the differently-abled. Further, it does not provide any leeway for the delay in filing IT returns due to genuine reasons such as sickness, chronic ailments, maternity, marriage, death in
