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CA Intermediate · Taxation · Provisions for filing Return of Income and Self Assessment

Mr. Dinesh Bhatt, a resident individual in the new tax regime, has a total income of ₹4,80,000 for tax year 2026-27, and his tax liability is nil after rebate. He furnishes his return on 20 November 2027 as a belated return, before 31 December 2027. What fee for late filing is payable?

The fee is ₹1,000. A late-filing fee is charged even when no tax is due, and the lower amount of ₹1,000 applies where total income does not exceed ₹5 lakh. Dinesh's total income of ₹4,80,000 is below that limit, so the ₹5,000 fee does not apply.

  1. ANil, as no tax is payable
  2. B₹1,000Correct
  3. C₹5,000
  4. D₹10,000

Explanation

Fee for delay in furnishing the return applies even where no tax is payable. Where the total income does not exceed ₹5,00,000, the fee is capped at ₹1,000. Total income here is ₹4,80,000, so the fee is ₹1,000. The ₹5,000 fee applies only if total income exceeds ₹5 lakh, and nil is wrong because the fee does not depend on tax payable.

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