ITR 1 SAHAJ For A.Y. 18-19 !!! VVI Sec. 234F & OTHER CHANGES IN ITR-1 DISCUSSED!! скачать в хорошем качестве

ITR 1 SAHAJ For A.Y. 18-19 !!! VVI Sec. 234F & OTHER CHANGES IN ITR-1 DISCUSSED!!

#Income tax India efiling #ITR-1 for A.Y. 2018-19 New ITR -1 Form has been published and some changes have been made to ITR-1 Out of these changes one very very important section has been introduced i.e Sec. 234F Every assessee who file ITR must know about the section 234F to avoid fines. Summary of sec. 234F are as follows : Sec. 234F: "Fees for default in furnishing return of income"—(1) Without prejudice to the provisions of this Act, where a person required to furnish a return of income under section 139, fails to do so within the time prescribed in sub-section (1) of said section, he shall pay, by way of fee, a sum of,— (a) Rs. 5000.00 ( five thousand rupees ) if the return is furnished on or before the 31st day of December of the assessment year; (b) Rs. 10000.00 ( ten thousand rupees) in any other case: Provided that if the total income of the person does not exceed Rs 500000.00 ( five lakh rupees) , the fee payable under this section shall not exceed Rs. 1000.00 (one thousand rupees) (2) The provisions of this section shall apply in respect of return of income required to be furnished for the assessment year commencing on or after the 1st day of April, 2018.". Applicable from 01-04-2018